Dangote claims Nigerian government makes 52 kobo from every N1 generated by his cement company

Dangote made the claim on Wednesday at the 2025 Taraba International Investment Summit on May 21.

“I’m sure it might be shocking to you to know that the federal government of Nigeria, not even the state, makes more money from, for example, our cement business. For every N1 we turn around, 52 kobo goes to the federal government of Nigeria,” he said.

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He said governments benefit from investments, whether private or public, when they create conducive environments for businesses to operate and pay taxes.

“We always say that the government has no business in business. If it’s true, they don’t have business in business. Though, how are they going to make money, educate people, you know, do the hospital, road, infrastructure? It’s through what? Taxes,” Dangote said.

“Have you ever heard of the American government owning an oil block? No, the American government doesn’t own an oil block. And they are the biggest producers of oil today in the world. But they make their money through taxes.”

He added that foreign investors are unlikely to invest in a country unless local investors thrive.

Dangote said the group would continue to invest in Nigeria to create jobs and support local communities.

Meanwhile, Dangote Petroleum Refinery & Petrochemicals announced an exclusive partnership with Premier Product Marketing LLC, a Vinmar company, to bring Dangote Polypropylene to global markets outside Nigeria and Africa.

The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, said in a statement on Wednesday that this strategic agreement coincides with the launch of polypropylene production at Dangote’s refinery and petrochemical complex in Lekki, Nigeria.

Polypropylene is a type of plastic polymer used in various applications, including packaging, automotive parts, textiles, construction materials and medical devices. It’s known for its durability, chemical resistance, and lightweight properties.

Mr Chiejina said the plant utilises proven technology to produce high-quality polypropylene grades for a wide range of applications in industries such as packaging, automotive, textiles, and construction.

“We’re pleased to partner with Vinmar to introduce Dangote Polypropylene to the global markets. Dangote Polypropylene will follow other Dangote products to become a global brand known for quality and reliability,” Fatima Aliko Dangote, Group Executive Director (Commercial), Dangote Group, said.

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The CEO of Vinmar Group, Vishal Goradia, added, “We are proud to expand our relationship with Dangote through this important partnership. Vinmar has been honoured to count Dangote as a valued customer in Nigeria for decades, and we are thrilled to now support the global launch of Dangote Polypropylene.”

The statement explained that the $2 billion petrochemical plant, located in Ibeju-Lekki, Lagos, is designed to produce 77 grades of polypropylene. It has an annual capacity of 900,000 metric tonnes and an expected turnover of $1.2 billion.

“The facility is positioned to meet growing demand in plastic processing industries globally.