Aliko Dangote, founder and president of the Dangote Group, has disclosed that the Nigerian federal government receives 52 kobo in revenue from every one naira generated by Dangote Cement. Dangote made this revelation on Wednesday while addressing participants at the 2025 Taraba International Investment Summit in Jalingo.
According to Dangote, the government’s significant share of revenue from his company highlights the crucial role taxes play in national development. “For every N1 we turn around, 52 kobo goes to the federal government of Nigeria,” he stated, emphasizing that the federal government earns more from the cement business than even the company itself.
Dangote argued that governments benefit most when they create an enabling environment for private businesses to thrive, as this leads to increased tax revenue, which can be used to fund education, healthcare, infrastructure, and other critical sectors. He drew a comparison with the United States, noting that the American government does not own oil blocks but still profits immensely through taxation.
He also stressed the importance of supporting local investors as a foundation for attracting foreign investment. “The only way for you to attract foreign investments is by having local investors. If you don’t invite local investors to come and invest, no foreigner will come and invest,” Dangote said. He maintained that international investors are unlikely to invest in a country unless indigenous businesses are already flourishing.
Dangote reaffirmed his group’s commitment to continued investment in Nigeria, particularly in initiatives that create jobs and support local communities. He praised Taraba State’s potential for agricultural development and pledged to invest further in the region, describing it as both a business opportunity and a homecoming.
