Aliko Dangote, founder of the Dangote Group, has disclosed that the Nigerian federal government collects 52 kobo in revenue from every N1 generated by Dangote Cement.
Speaking at the 2025 Taraba International Investment Summit on May 21, Dangote highlighted the significant fiscal contribution his company makes to the government.
“It might surprise you to learn that the federal government, not even the states, earns more than half—52 kobo—of every N1 we generate from our cement business,” he said.
Dangote emphasized that governments benefit from both private and public investments by creating a conducive environment for businesses to thrive and generate tax revenue.
“We often hear that government should not be involved in business. If that were true, how would they fund essential services like education, healthcare, roads, and infrastructure? The answer is through taxes,” Dangote explained.
He also pointed out the example of the United States, where the government does not own oil assets but remains the world’s largest oil producer due to a thriving private sector, supported by taxation rather than direct ownership.
“Have you ever heard of the American government owning an oil block? No. Yet, they lead in oil production because they make their revenue through taxes,” he said.
Highlighting the importance of a robust local private sector, Dangote noted that foreign investors will be reluctant to invest in any country unless its domestic businesses prosper.
The Dangote Group, he assured, will continue investing in Nigeria, creating jobs, and supporting local communities.
