How FG Is Cashing In Big On Dangote Cement — Shocking Revelations

He made this disclosure on Wednesday while speaking at the 2025 Taraba International Investment Summit, themed ‘Unlocking Taraba’s Investment Potentials, Advancing Agriculture, Energy, Mining, and Industrialisation for Sustainable Growth and Development.’

The business tycoon highlighted the importance of the summit’s focus on diversifying Taraba State’s economy and attracting investors as vital for the region’s progress.

Dangote emphasized that investments in key sectors such as agriculture, energy, and industrialization could play a major role in driving sustainable development in the area.

He noted that all levels of government—local, state, and federal—benefit from private and public investments by fostering a business-friendly environment that enables companies to grow and pay taxes.

Dangote stated, “It might surprise you to know that the federal government, not the state, earns the largest share from our cement business. For every ₦1 we generate, 52 kobo goes directly to the federal government of Nigeria.

“We often say the government should not be involved in business. But if that were true, how would they fund education, healthcare, infrastructure, and other public services? The answer is through taxes.

“Have you ever heard of the American government owning an oil block? They don’t, yet they are the world’s biggest oil producers. Their revenue comes from taxes.”