By OBSERVERS TIMES.
Aliko Dangote, Chairman of the Dangote Group, revealed yesterday that the Nigerian federal government receives a significant 52 kobo in revenue for every N1 generated from the production and sale of Dangote Cement. The prominent industrialist made this disclosure during the 2025 Taraba International Investment Summit, held in Jalingo on May 21st.
Addressing attendees at the summit, Dangote underscored the substantial contribution of private sector enterprises to government coffers. “It might be surprising to some, but the federal government of Nigeria, not even the states, earns more from, for example, our cement business. For every N1 we generate, 52 kobo goes directly to the federal government,” he stated.
Dangote emphasized that governments inherently benefit from both private and public investments when they cultivate a conducive environment for businesses to flourish and fulfill their tax obligations. “We often say that the government has no business in business. If that’s true, then how do they fund education, healthcare, roads, and infrastructure? It’s through taxes,” he elaborated.
Drawing a parallel to international examples, he added, “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.”
The business magnate further highlighted that the success of local investors is crucial in attracting foreign direct investment. International investors, he noted, are less likely to commit to a country unless they see domestic enterprises thriving.
Reaffirming the group’s commitment to national development, Dangote stated that the Dangote Group will continue to invest significantly in Nigeria, thereby creating jobs and supporting local communities across the nation.
