For every N1 generated by Dangote cement company federal government takes N52k—Aliko Dangote
The Dangote Group founder, Aliko Dangote, asserted that the Nigerian government receives 52 kobo for each N1 made from the manufacture and distribution of Dangote Cement.
Dangote made the assertion Wednesday during the 2025 Taraba International Investment Summit, reports BusinessDay.
“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 stated.
According to him, governments gain from both public and private investments when they establish favorable conditions for companies to operate and file 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 an oil block owned by the US government? No, an oil block is not owned by the US government. Additionally, they are currently the world’s largest oil producers. However, taxes are how they generate their revenue.
He went on to say that until local investors prosper, foreign investors are reluctant to make an investment in a country.
According to Dangote, the company would keep making investments in Nigeria in order to boost local economies and generate jobs.
To introduce Dangote Polypropylene to international markets outside of Nigeria and Africa, Dangote Petroleum Refinery & Petrochemicals announced an exclusive agreement with Premier Product Marketing LLC, a Vinmar firm.
“This strategic agreement coincides with the launch of polypropylene production at Dangote’s refinery and petrochemical complex in Lekki, Nigeria,” said Anthony Chiejina, the company’s Group Chief Branding and Communications Officer, in a statement on Wednesday.
The uses for polypropylene, a kind of plastic polymer, include textiles, medical equipment, construction materials, packaging, and auto parts. It is renowned for its strength, resilience to chemicals, and portability.
According to Mr. Chiejina, the company uses proven technology to make high polypropylene grades for a range of applications in industries like construction, automotive, textiles, and packaging.
In order to bring Dangote Polypropylene to the international market, we are happy to collaborate with Vinmar. Fatima Aliko Dangote, Group Executive Director (Commercial), Dangote Group, stated that Dangote Polypropylene will grow into a worldwide brand recognized for its dependability and quality, following in the footsteps of other Dangote products.
The uses for polypropylene, a kind of plastic polymer, include textiles, medical equipment, construction materials, packaging, and auto parts. It is renowned for its strength, resilience to chemicals, and portability.
The company produces premium polypropylene grades for a variety of uses in sectors like construction, automotive, textiles, and packaging using tried-and-true technology, according to Mr. Chiejina.
In order to bring Dangote Polypropylene to the international market, we are happy to collaborate with Vinmar. Fatima Aliko Dangote, Group Executive Director (Commercial), Dangote Group, stated that Dangote Polypropylene will grow into a worldwide brand recognized for its dependability and quality, following in the footsteps of other Dangote products.
“We are proud to expand our relationship with Dangote through this important partnership,” said Vishal Goradia, CEO of Vinmar Group. For many years, Vinmar has been proud to have Dangote as a valued client in Nigeria. We are now excited to support the global debut of Dangote Polypropylene.
The $2 billion petrochemical factory in Ibeju-Lekki, Lagos, is intended to create 77 types of polypropylene, according to the release. It can produce 900,000 metric tons a year, with an anticipated $1.2 billion in revenue.
“The facility is set up to satisfy the expanding demand in the global plastic processing industries.”
Vishal Goradia, CEO of Vinmar Group said, “We are proud to expand our relationship with Dangote through this important partnership,” . For many years, Vinmar has been proud to have Dangote as a valued client in Nigeria. We are now excited to support the global debut of Dangote Polypropylene.
The $2 billion petrochemical factory in Ibeju-Lekki, Lagos, is intended to create 77 grades of polypropylene, according to the release. It can produce 900,000 metric tons a year, with an anticipated $1.2 billion in revenue.
“The facility is set up to satisfy the expanding demand in the global plastic processing industries.”
With more than 1,500 employees spread over 58 offices globally and customers in more than 110 countries, Vinmar, which was founded in 1978, is a world leader in the marketing and distribution of petrochemicals, according to the statement.
With 58 offices worldwide, more than 1,500 employees, and customers in more than 110 countries, Vinmar, which was founded in 1978, is a world leader in the marketing and distribution of petrochemicals, according to the statement.
The 650,000 barrels per day In January of last year, Dangote Petroleum Refinery started producing aviation fuel and diesel.
