Lagos, Nigeria – Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has revealed that Dangote Cement pays a staggering 52% of its revenue to the Nigerian government in the form of various taxes and levies.
Speaking during a recent industry forum, Dangote emphasized the heavy tax burden carried by the cement giant, stating that for every ₦1 the company earns, 52 kobo goes directly to the government as tax revenue.
“Dangote Cement is one of the highest tax-paying entities in Nigeria. Out of every one naira we generate, the government collects 52 kobo through different taxes. This underscores our commitment to supporting national development,” he said.
Dangote highlighted the company’s role in strengthening Nigeria’s economy through consistent tax compliance, job creation, and industrial expansion. He also called for a more business-friendly tax regime to encourage investments and reduce the strain on local manufacturers.
Industry stakeholders have reacted to the disclosure with a mix of admiration and concern. While many commend Dangote Cement for its fiscal responsibility, others stress the need for tax reforms to ensure a balanced environment that supports business growth without stifling productivity.
Dangote Cement remains Nigeria’s largest cement producer and a key contributor to the nation’s GDP. The company operates multiple plants across the country and exports to several African markets, solidifying its position as a continental industrial powerhouse.
As conversations around taxation, revenue generation, and economic reforms continue, Dangote’s revelation brings fresh attention to the role of the private sector in driving Nigeria’s fiscal health.
