Dangote Reveals FG Earns 52 Kobo Tax on Every ₦1 from Cement Sales

Aliko Dangote, Chairman of the Dangote Group, has revealed that the federal government of Nigeria earns 52 kobo in taxes for every ₦1 generated from Dangote Cement’s production and sales.

Speaking on Wednesday at the 2025 Taraba International Investment Summit, themed ‘Unlocking Taraba’s Investment Potentials, Advancing Agriculture, Energy, Mining, and Industrialisation for Sustainable Growth and Development’, Dangote stressed the importance of creating a business-friendly environment to drive sustainable economic development.

He praised the summit’s focus on attracting investment and diversifying Taraba State’s economy, especially in key sectors such as agriculture, energy, and industrialisation.

Dangote highlighted how private-sector investments not only stimulate economic activity but also significantly boost government revenue through taxation.

“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 ₦1 we turn around, 52 kobo goes to the federal government of Nigeria.

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.

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.”

Dangote’s comments underline the vital role of private enterprise in national development and the importance of effective tax policies in funding public services.