FG Earns 52 Kobo from Every Naira Generated by My Cement Company, Says Dangote

* Urges Government to Prioritize Enabling Business Environment

Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, has revealed that the Federal Government earns as much as 52 kobo in revenue for every one naira generated by his flagship company, Dangote Cement.

He made the revelation while speaking at the 2025 Taraba International Investment Summit, held in Jalingo, Taraba State.

“Every N1 we turn around at Dangote Cement, 52 kobo goes to the federal government,” Dangote stated during a keynote address at the summit.

The comment was made to underscore the critical revenue contribution of the private sector to the Nigerian economy and to highlight the importance of a supportive regulatory environment.

According to Dangote, government revenues are significantly enhanced when businesses are allowed to operate freely and efficiently.

He emphasized that creating an enabling environment for the private sector is far more beneficial for the country than direct government involvement in commercial enterprises.

The billionaire entrepreneur also used the platform to call on the government to strengthen support for domestic investors.

He argued that when local businesses are thriving, foreign investors are more likely to be attracted to the economy.

“Foreign investors only come when they see that local investors are investing and doing well. If we don’t support our own investors first, we cannot expect confidence from the outside world,” he noted.

Dangote Cement, the largest cement producer in sub-Saharan Africa, has been a major contributor to Nigeria’s economy.

Beyond taxes and levies, the company supports thousands of jobs, both directly and indirectly, and has contributed to infrastructure development and local empowerment initiatives across the country.

Dangote’s revelation provides a rare look at the scale of contributions large corporations make to national revenue.

His remarks also serve as a reminder of the ongoing need for policy reform aimed at fostering business growth and economic sustainability.

The 2025 Taraba International Investment Summit, themed “Unlocking Taraba’s Investment Potentials,” brought together investors, policymakers, and business leaders to explore opportunities in agriculture, energy, mining, and industrialization.

Dangote’s presence and comments helped set the tone for discussions centered on building a robust and inclusive economy through private-public collaboration.

Dangote’s statements come amid a broader national dialogue about taxation, ease of doing business, and the role of the private sector in driving Nigeria’s development.

With economic diversification high on the government’s agenda, his comments are likely to spark renewed debate on how best to incentivize investment while ensuring fair contributions to public coffers.