Aliko Dangote, the founder of Dangote Group, has shared an interesting fact about how much the government earns from his company. According to him, for every N1 that Dangote Cement earns, the federal government of Nigeria takes 52 kobo. That’s more than half of the total amount!

He made this statement during the Taraba International Investment Summit, which was held on May 21, 2025.

Dangote explained that it might be surprising to many people, but it’s true—the federal government earns more than his company from the business. He said this shows how important private businesses are to the economy.

He added that when governments create a good environment for businesses to grow, they can benefit a lot. One major way they benefit is through the taxes companies pay.

Dangote also spoke about the common saying that “the government has no business in business.” He said if that’s the case, then governments must rely on taxes to make money. And that money is what helps them provide things like schools, hospitals, roads, and other public services.

To explain further, Dangote gave an example of the United States. He said the U.S. government doesn’t own oil blocks, yet they are one of the biggest oil producers in the world. The reason they still make money is because they tax oil companies.

He also pointed out that foreign investors usually look at how local businesses are doing before they decide to invest in a country. If local businesses are successful, it gives foreign investors confidence.

Finally, Dangote said his company will continue to invest in Nigeria. He promised to keep creating jobs and supporting communities around the country.