Nigeria: Govt Earns 52 Kobo From Every N1 Generated From Sale of My Cement

Nigeria: Govt Earns 52 Kobo From Every N1 Generated From Sale of My Cement

The chairman of Dangote Group, Aliko Dangote, has revealed that the federal government makes 52 kobo from every N1 generated from the production and sale of Dangote Cement.

Nigerian Gov't Takes 52 Kobo of Every Naira I Make From Cement Business, Dangote Reveals

JALINGO, Nigeria — Africa’s richest man, Aliko Dangote, revealed on Wednesday, May 21, 2025, that the federal government of Nigeria earns more revenue from the operations of Dangote Cement than the company itself, asserting that 52 kobo of every naira generated goes to the government. Speaking at the 2025 Taraba International Investment Summit, Dangote emphasised the pivotal role of taxation in public development and underscored the importance o…

FG makes 52 kobo from every N1 generated by my cement company

Aliko Dangote, founder of the Dangote Group, says the Nigerian government gets 52 kobo revenue from every N1 generated from the production and sale of Dangote Cement.   Dangote spoke on Wednesday at the 2025 Taraba International Investment Summit on May 21.   “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 N1 we turn aroun…