NewStats: 3,259,204 , 8,169,408 topics. Date: Saturday, 24 May 2025 at 09:09 AM 5e344d

Aliko Dangote, founder of the Dangote Group, says the Nigerian government gets 52 kobo revenue from every N1 generated from the production and sale of Dangote Cement.

Dangote spoke on Wednesday at the 2025 Taraba International Investment Summit on May 21.

“I’m sure it might be shocking to you to know that the federal government of Nigeria, not even the state, makes more money from, for example, our cement business. For every N1 we turn around, 52 kobo goes to the federal government of Nigeria,” the entrepreneur said.

He said governments benefit from investments, whether private or public, when they create conducive environments for businesses to operate and pay taxes.

“We always say that the government has no business in business. If it’s true, they don’t have business in business. Though, how are they going to make money, educate people, you know, do the hospital, road, infrastructure? It’s through what? Taxes,” Dangote said.

“Have you ever heard of the American government owning an oil block? No, the American government doesn’t own an oil block. And they are the biggest producers of oil today in the world. But they make their money through taxes.”

He added that foreign investors are unlikely to invest in a country unless local investors thrive.

Dangote said the group would continue to invest in Nigeria to create jobs and local communities.

https://www.thecable.ng/dangote-fg-makes-52-kobo-from-every-n1-generated-by-my-cement-company/

Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier

Even with that, you still became the richest man in Africa so what exactly is the issue?

Doing business in this country is impossible.

That is tinibunomics. You haven't mentioned how much state collects and agberos collect.

Wow, that's a lot.

Lol

Wao! And the FG pretends like they don't receive humongous revenues...

Hatred and envy are very terrible mental issues. I call them mental issues because I don't believe rational people should possess such attributes.

Some people above me are suffering from those mental issues. They don't even understand what he's driving at in the article but their envy for dangote has already made them start tackling what he said.

For clarification purposes, dangote has no problem with whatever the government is making from his products, he's just stating one of the ways the government makes money without directly involving in business. He pushing for government building a more conducive environment so local investors can thrive and encourage foreign investors to come in thereby increasing how much the government makes.

Capisce?

52kobo per every 1naira is huge

dominique:
Even with that, you still became the richest man in Africa so what exactly is the issue?

Your manner of perception (like some other Nigerians) is the issue...

G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier

lamenting for people like u that will blame him for high cost of cement. As it is, government is making more money than him

This is for those who believe the federal government allows him to make free money.

All natural resources belongs to the government and Cement is made from limestone which is a natural resource.

He can choose to renegotiate the sharing formula though

Wowww

Procashtips:
This is for those who believe the federal government allows him to make free money.

the "monopoly" accs you mean...
FG getting 52% of his revenue implies that they will always back him

Dangote still dey find money

Hmmm

Matters arising

Shell paid $bn for tax in 2024

There would be enough money to scatter projects across the Nigeria regions in the last 2 years

Is it not FG that has been your major backer?

Government not only taxes but gives permits and sales.

Very good revelation. Now d question is if this money is for all Nigerians r we all benefitting from it
Has it been properly managed.
Can it ve properly ed for.

If I slap FG

The raw material u are using is it free?

Lol.. here we go again

Yes, those who naturally hate rich people who aren't from their ethnic group.

Inspirer1:
Wowww

the "monopoly" accs you mean...
FG getting 52% of his revenue implies that they will always back him

wow, so they take 50% on every production.

that's huge mehn

Limestone in your parlor

Go let them make you too

T

Ok