Shareholders of Lafarge Africa Plc have approved a total remuneration of N120,007,826.40 for the company’s Non-Executive Directors for the financial year ending December 31, 2025.
The approval was one of the resolutions passed at the company’s 66th Annual General Meeting (AGM), held on April 25, 2025, in Lagos.
The remuneration package is intended to cover directors’ fees and other allowances in recognition of the Non-Executive Directors’ oversight roles and contributions to the company’s governance and strategic direction. The approval reflects Lafarge Africa’s commitment to maintaining competitive compensation structures in line with industry standards and best practices.
The Board noted that the remuneration level is consistent with the responsibilities assigned to Non-Executive Directors and aligns with the company’s focus on attracting and retaining highly qualified individuals with diverse experience and expertise.
In addition to the remuneration approval, shareholders also passed several other resolutions at the AGM, including the declaration of a N19.33 billion final dividend for 2024, the renewal of the general mandate for related party transactions, and amendments to the company’s Memorandum of Association to expand into comprehensive waste management services.
