Dangote Cement has grown its revenue by over 800% between 2014 and 2024

Key takeaways

  • Dangote Cement has grown its revenue consistently since 2014 and reached a historic ₦3.6 trillion in 2024
  • Revenues have more than tripled between 2020 (₦1.0 trillion) and 2024 (₦3.6 trillion)
  • The year-on-year growth rate shows fluctuations, with declines in some years and sharp rebounds in 2020, 2022, and 2024
  • The highest year-on-year growth occurred in 2024 (62.2%), signalling a particularly strong performance

Dangote Cement has experienced remarkable revenue growth over the past decade, despite some periods of slower expansion. The company’s ability to rebound and achieve record-breaking growth in 2024 highlights its strong market position and strategic execution.

Source:

Dangote Cement’s annual reports

Period:

2014-2024
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