Aliko Dangote, head of Dangote Group, has explained how the Nigerian federal government benefits from the operations of Dangote Cement.
Speaking at the 2025 Taraba International Investment Summit held on Wednesday, he said the government earns 52 kobo for every ₦1 made from the cement business through taxes.
The summit, which focused on attracting investors to Taraba State and growing sectors like agriculture, energy, mining, and industry, gave Dangote a chance to talk about how investments like his support development.
He pointed out that with the right business atmosphere, both private and public investments can help governments raise money through tax payments.
Using Dangote Cement as an example, he shared how businesses are not only building the economy but also helping the government earn revenue without owning the businesses themselves.
He mentioned that unlike some countries where the government controls key sectors, Nigeria can still make money by allowing businesses to grow and simply taxing their activities.
He made it clear that taxes from companies like his help the government provide services like education, healthcare, roads, and other infrastructure.
According to him, countries such as the United States earn from sectors like oil by taxing the companies involved, not by owning the resources themselves.
He said Nigeria can do the same by encouraging more investment and allowing businesses to thrive.
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