News
Dangote Cement: Pan-African revenue for half-year grows by 139.9%
Nasiru Yusuf Ibrahim
Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023.
KANO FOCUS reports that the cement plant also reported a 10.9 percent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the half year ended June 30, 2024. According to the 2024 half-year results of the cement company, group volumes rose by 3.8 percent to 13.9Mt. Group revenue was up by 85 percent to N1,760 billion compared to N950 billion at the corresponding period in 2023 driven by 60 percent growth in Nigeria which rose to N991 billion from N618 billion.
A statement sent to KANO FOCUS by Dangote Industries Limited said as part of continuous efforts to promote a cleaner environment, Dangote Cement commissioned 11 of the 17 Alternative Fuel Projects across the Group and also took delivery of 300 full CNG trucks for its Nigerian business. It achieved a thermal substitution rate estimated at 10.5 percent for H1 2024 compared to 7.8 percent in H1 2023.
Chief Executive Officer, Dangote Cement, Arvind Pathak, in his remarks, said: “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%. This growth was driven by improved efficiency across our operations and supported by increased market activity levels compared to the election year and cash crunch in 2023.
Despite the challenges of elevated inflation, high borrowing costs, and a further weakening of the currency in the first six months of the year, our business demonstrated strong resilience. This was due to our rigorous focus on cost minimisation and our diversified business model.”
He added, “Group revenue and EBITDA rose 85.1% and 50.3% to ₦1,760.1 billion and ₦666.2 billion, respectively. Our Profit After Tax (PAT) reached ₦189.9 billion, marking a 6.3 percent increase. I am pleased with the performance of our business, as key financial indicators are showing positive trends.
By leveraging our robust export-to-import strategy, Dangote Cement completed fourteen shipments of clinker from Nigeria to Ghana and Cameroon. This effort resulted in a 55.2 percent surge in our Nigerian exports, underscoring our commitment to fostering African self-sufficiency.
Looking ahead, we remain bullish about the growth prospect of the African region, evident in our increased capital investments. We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future.”
Nasiru Yusuf Ibrahim
Political allies and loyalists of former Managing Director of the Nigerian Ports Authority (NPA), Arc Aminu Dabo, have begun resigning from the All Progressives Congress (APC) in Kano State following his withdrawal from the ruling party.
KANO FOCUS reports that the supporters, operating under the political group Dabo Alheri Ne, reportedly include members across Kano State’s 44 local government areas.
Barely two days after Dabo announced his resignation from the APC, a prominent stakeholder of the group, Garba Zakiru Dambatta, said members had welcomed the decision and were showing solidarity by submitting their resignation letters to their respective ward party chairmen.
Dambatta, a former APC chairman in Dambatta Local Government Area, said the group’s members were disappointed with what they described as the prolonged marginalisation of Mr Dabo and his supporters within the party.
According to him, despite Mr Dabo’s contributions to the APC and efforts to strengthen the party and manage disagreements among its members, some key stakeholders had continued to sideline him and his loyalists in party activities.
Dambatta reaffirmed the group’s commitment to standing by Mr Dabo’s political decisions and supporting his future political journey.
He also urged the former NPA managing director not to succumb to political pressure or reverse his decision to leave the party.
“This step you have taken, we have the conviction that it is the beginning of a new chapter of goodness in your life,” Dambatta said.
Among the prominent members of the group identified as supporting Mr Dabo’s decision are Abba Rabee’u, a former Senior Special Assistant on Political Awareness; Almustapha Jilani Danmalam, a former Senior Special Assistant on Education; Jamilu Abdullahi Zangon-Mata, a former Senior Special Assistant on Entrepreneurship; and Fahd A. Dabo, a former Special Assistant on Youth Mobilisation.
The individuals reportedly served during the second term of former Kano State Governor Abdullahi Umar Ganduje.
The group also said several other party loyalists and supporters were backing Dabo following his resignation.
However, the statement did not provide the number of members who had formally resigned from the APC or indicate whether the party leadership had responded to the development.
Nasiru Yusuf Ibrahim
Five players of Kano Pillars Amputee Football Club have been invited to the national camp of Nigeria’s Special Super Eagles ahead of the 2026 Amputee Football World Cup in Mexico.
KANO FOCUS reports that invited players are Isah Yusuf, Abba Musa, Habu Friday, Emanuel Betel and Usman Ahmed. They are currently in Abuja with the national team as preparations intensify for the global tournament.
The Team Manager of Kano Pillars Amputee Football Team, Jamilu Uba Adamu, disclosed this in an interview with Ashiru Rabiu Gidan Tudu, Information Officer of the Kano State Sports Commission.
Adamu described the invitation as recognition of the players’ dedication, discipline and outstanding performances.
He expressed confidence that the players would represent Kano State and Nigeria with honour at the championship.
According to him, the call-up also demonstrates Kano Pillars’ commitment to nurturing talented amputee footballers and contributing to the development of the sport in Nigeria.
The 2026 Amputee Football World Cup is scheduled to take place from November 13 to 22 in San Juan de los Lagos, Mexico. A total of 24 countries, including seven African nations, are expected to participate.
The Executive Chairman of the Kano State Sports Commission, Muhammad Tukur Babangida, congratulated the five players on their invitation, describing it as well deserved.
Babangida expressed confidence that they would justify the confidence reposed in them by the national team selectors.
He assured the players of the commission’s continued support and urged them to remain focused, disciplined and committed to making Kano State and Nigeria proud on the international stage.
Nasiru Yusuf Ibrahim
Professor Muhammad Ahmad Makarfi of Bayero University, Kano (BUK), has identified inclusive microfinance as a critical tool for addressing food insecurity and poverty in Nigeria.
KANO FOCUS reports that Prof. Makarfi, of the Department of Agricultural Economics and Extension, made the recommendation while delivering the university’s 64th Professorial Inaugural Lecture on Thursday, October 14, 2026, at the CBN Centre of Excellence.
The lecture, titled *“Innovative Options for Nigeria’s Food Security and Poverty Alleviation: The Microfinance Pathway to Sustainable Development,”* examined how improved access to affordable financing could boost agricultural production and strengthen rural livelihoods.
The professor said that despite Nigeria’s vast agricultural resources, food production and rural livelihoods continued to face challenges, including limited access to affordable finance, insecurity, climate change, inadequate infrastructure and low agricultural productivity.
He argued that expanding access to agricultural finance, particularly for smallholder farmers, would encourage investment, improve productivity and strengthen the country’s food security.
Prof. Makarfi reviewed Nigeria’s agricultural financing policies and interventions, highlighting the need for innovative credit delivery systems that would make funding more accessible, affordable and sustainable for farmers.
He identified microfinance institutions and Islamic finance models as potential avenues for improving access to agricultural credit.
In his recommendations, the professor said sustainable food security and poverty reduction required policies that prioritised increased domestic agricultural production through better access to finance, modern technologies, quality farm inputs and markets.
He also called for stronger microfinance institutions, expanded farmer-friendly financing mechanisms and an enabling environment to attract investment across the agricultural value chain.
According to him, such measures would improve agricultural productivity, enhance livelihoods and accelerate Nigeria’s sustainable development.
Earlier, the Vice-Chancellor of BUK, Professor Haruna Musa, who chaired the lecture, was represented by the Deputy Vice-Chancellor, Academics, Professor Ahmad Muhammad Tsauni.
Prof. Musa commended the lecturer for choosing a topic that addressed critical issues surrounding food insecurity, livelihoods and agricultural development.
The Dean of the Faculty of Agriculture, Professor Aminu Sulaiman, who presented the lecturer’s citation, said Mr Makarfi had published more than 150 local and international publications, contributed 10 book chapters and authored eight books.
Professor Mahmoud Ibrahim Daneji, who represented the Head of the Department of Agricultural Economics and Extension, delivered the vote of thanks.
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