Dangote: FG Earns 52 Kobo Per N1 From Cement Business
April 12, 2026
Africa’s richest man, Aliko Dangote, has disclosed that the Federal Government earns 52 kobo from every N1 generated through the operations of Dangote Cement.
Dangote made this known while speaking at the 2025 Taraba International Investment Summit held on May 21, where he emphasized the significant role taxation plays in government revenue.
According to him, the contribution of private sector investments to public finances is often underestimated, despite being a major driver of economic sustainability.
“I’m sure it might shock you that the federal government of Nigeria makes more money from our cement business than even we do in some cases. For every N1 we generate, 52 kobo goes to the federal government,” he said.
Therefore cement at N12,000 government makes N6,240 while the company receive N5,760
The Guardian
By : Collins Olayinka
Date: 17 February 2026
THE Federal Government earned more than N900 billion from Dangote Cement in 2025, President Bola Tinubu has disclosed, hinging the development of Nigeria on the vibrancy of the private sector.
Represented by the Vice President, Kashim Shettima, at the launch of the Nigeria Industrial Policy in Abuja yesterday, Tinubu declared that the government has no business in business, deceiving the private sector as the creators of wealth..........
DANGOTE EXPLAIN WHY CEMENT COST MORE IN NIGERIA THAN ABLOAD
Nigerian billionaire industrialist, Aliko Dangote, has attributed the higher cost of locally produced cement to Nigeria’s high taxes and regulatory burden.
He made the remark during an exclusive interview with Business Insider Africa, emphasizing how fiscal policies inflate domestic prices.
The disparity has drawn public attention, as cement exported from Nigeria often sells for less than what Nigerians pay at home.
Dangote explained that the price gap exists because cement exports are exempt from multiple taxes and levies that apply in Nigeria.
He noted that when examining his invoices, exported cement is cheaper than what is sold domestically, as the savings from not paying income tax, education and health levies, VAT, and withholding tax significantly reduce production costs.
These exemptions, he said, allow Nigerian cement to compete effectively with international producers from countries such as Turkey, Russia, and China.
“When you look at my invoice, the cement I export is cheaper than the one I’m selling domestically, because that’s how exports work.
“In export I’m saving a lot of money, I’m not paying 30% income tax, I’m not paying 2% education, I’m not paying 1% health, I’m not paying 7.5% VAT, and I’m not paying 10% withholding tax,” he said.
Dangote emphasized that the consequence of this system is that domestic consumers end up shouldering the burden of structural inefficiencies.
He added that local manufacturing alone cannot fully resolve high pricing for Nigerians.