This work tackles a significant challenge in dynamo theory: the possibility of long-term amplification and maintenance of an axisymmetric magnetic field. We introduce a novel model that allows for non-trivial axially symmetric steady-state solutions for the magnetic field, particularly when the dynamo operates primarily within a ‘nearly spherical’ toroidal volume inside a fluid shell surrounding a solid core. In this model, Ohm’s law is generalised to include the dissipative force, arising from electron collisions, that tends to align the velocity of the shell with the rotational speed of the inner core and outer mantle. Our findings reveal that, in this context, Cowling’s theorem and the neutral point argument are modified, leading to magnetic energy growth for a suitable choice of toroidal flow. The global equilibrium magnetic field that emerges from our model exhibits a dipolar character. The central insight of the model developed here is that if an additional force is incorporated into Ohm’s law, symmetric dynamos become possible.