Rita Odafe
Aliko Dangote, the mastermind behind the Dangote Group, stated that the Nigerian government earns 52 kobo from every N1 earned through the production and sales of Dangote Cement.
During his address at the 2025 Taraba International Investment Summit on May 21, Dangote remarked,
“It may surprise you to learn that the federal government of Nigeria, rather than the state, profits significantly from our cement enterprise. For each N1 we generate, 52 kobo is allocated to the federal government,” he explained.
He emphasized that both private and public investments yield benefits for governments when they foster environments that enable businesses to thrive and pay taxes.
“We often state that the government shouldn’t be involved in business. But if that’s the case, how will they generate revenue to fund education, healthcare, and infrastructure? It’s through what? Taxes,” Dangote elaborated.
“Have you ever known the U.S. government to own an oil block? No, they don’t, yet they rank as the world’s top oil producers today. Their earnings come from taxes instead.”
He also pointed out that foreign investors tend to shy away from countries where local investors are not succeeding.
Dangote affirmed that the group remains dedicated to investing in Nigeria, aiming to generate employment and uplift local communities.
