President of Dangote Group, Alhaji Aliko Dangote, has disclosed that the Federal Government of Nigeria earns 52 kobo for every one naira generated by his cement company, highlighting the immense contribution of the private sector to national revenue through taxation.
Speaking during the 2025 Taraba International Investment Summit held on Wednesday, Dangote emphasized the significance of tax revenues in driving development, particularly in a nation like Nigeria where the government is heavily reliant on non-oil revenue streams.
“It might surprise you to know that the federal government earns more from our cement operations than the company itself retains. For every N1 we generate, 52 kobo goes to the federal government,” Dangote said.
He underscored the critical role of the private sector in wealth creation and national development, stressing that governments should focus on creating an enabling environment rather than directly engaging in business operations.
“The government has no business in doing business. Their role is to facilitate and regulate. It is through taxes that they fund education, healthcare, infrastructure, and other essential services,” he stated.
Citing global best practices, Dangote pointed to the United States as a model.
“The American government is the biggest oil producer but owns no oil blocks. They simply tax operators and use that revenue to run the country,” he noted.
Dangote also called for greater support for local investors, stating that the confidence of foreign investors is often bolstered by the success of indigenous enterprises.
He reiterated his group’s commitment to Nigeria’s economic growth through investments, job creation, and community development.