₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,215 members, 8,434,653 topics. Date: Saturday, 27 June 2026 at 03:16 AM

Toggle theme

Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessDangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company (13255 Views)

1 2 3 Reply (Go Down)

Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Obakoolex(m): 3:41pm On May 22, 2025
People with unreasonable hatred for Aliko will vent their anger as usual, the anger that should be directed to FG for making the product expensive when we get the raw materials in producing it here.
Cement shouldn't cost more than #3,500 per bag if not for FG exploitation and wickedness.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Obakoolex(m): 3:44pm On May 22, 2025
erad:
Hatred and envy are very terrible mental issues. I call them mental issues because I don't believe rational people should possess such attributes.

Some people above me are suffering from those mental issues. They don't even understand what he's driving at in the article but their envy for dangote has already made them start tackling what he said.

For clarification purposes, dangote has no problem with whatever the government is making from his products, he's just stating one of the ways the government makes money without directly involving in business. He pushing for government building a more conducive environment so local investors can thrive and encourage foreign investors to come in thereby increasing how much the government makes.

Capisce?
You said it all.... We have so much educated illiterates in Nigeria.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by jchioma: 3:45pm On May 22, 2025
Na we know
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by bigpicture001: 3:47pm On May 22, 2025
G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier
This is too much na... Leaving just 48 naira for the firm...
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by jmoore(m): 3:47pm On May 22, 2025
“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.
Saudi government owe many businesses that are thriving.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by jamafa: 3:48pm On May 22, 2025
Ironfaceman:
That is tinibunomics. You haven't mentioned how much state collects and agberos collect.
So nah Tinubu regime Dangote started is Cement business bah??
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Samogloby: 3:49pm On May 22, 2025
We can now see the reason for the high cost of cement. Federal govt is responsible for the high cost of cement in Nigeria
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by nedekid: 3:49pm On May 22, 2025
erad:
Hatred and envy are very terrible mental issues. I call them mental issues because I don't believe rational people should possess such attributes.

Some people above me are suffering from those mental issues. They don't even understand what he's driving at in the article but their envy for dangote has already made them start tackling what he said.

For clarification purposes, dangote has no problem with whatever the government is making from his products, he's just stating one of the ways the government makes money without directly involving in business. He pushing for government building a more conducive environment so local investors can thrive and encourage foreign investors to come in thereby increasing how much the government makes.

Capisce?
Oga don't mind them.
It is a Nigerian thing to talk trash no matter what.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by thedio(m): 3:50pm On May 22, 2025
Dangote is not putting the record straight. Mr richest man is the 52k tax. U mine what belong to all of us and paid around 52% to over two hundred million people while only u take 42% yet u r lamenting.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Stevosty: 3:50pm On May 22, 2025
This reminds me of Idris song 'tell your papa', how will things be easy for the populace when the government is in connivance with the capitalists in the major sectors of the economy, they will rather pay to dish out lies than alleviating the sufferings of the masses.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by iOYEN: 3:53pm On May 22, 2025
It is hard to believe that 52% of every naira made goes to the federal government. If Dangete Cement's turnover is 1 billion in a year, 52 million will go to the Government's purse huh huh huh huh
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by goatandyam: 3:54pm On May 22, 2025
Lol. Lamentation

Because they didn't ban importation of fuel that he wants.

Keep lamenting. You just getting started
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Eriokanmi: 3:55pm On May 22, 2025
G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier
Read the news once again, with your eyeglasses on and you'd understand what he's saying.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by thedio(m): 3:55pm On May 22, 2025
iOYEN:
It is hard to believe that 52% of every naira made goes to the federal government. If Dangete Cement's turnover is 1 billion in a year, 52 million will go to the Government's purse huh huh huh huh
That 52% is just too small, he should pay higher than that
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by psucc(m): 3:57pm On May 22, 2025
No wonder the price defies every economic logic to keep rising
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Vision101(m): 4:03pm On May 22, 2025
dominique:
Even with that, you still became the richest man in Africa so what exactly is the issue?
He wasn't lamenting. He was trying to explain how government can make money from private sector without direct involvement in business. Read .....read .....man read.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Deepthoughts: 4:12pm On May 22, 2025
G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier
Did you actually understood what dangote said n meant at all?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Faposky95: 4:12pm On May 22, 2025
We have a system like those of the western nations, especially UK and US who fleece their people via taxes.
Problem here is why can't we be protected.....
Why the so called Agberos tactics?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by spiSeyi: 4:15pm On May 22, 2025
The poor will see 52 kobo has nothing grin while the rich see it as a big deal and that's why the rich will always be richer and the poor will be poorer. You can't have in abundance what you don't value undecided
Back to the topic , the amount is way too much and that's the reality most businesses are facing that makes them fold up. With this setup no investor will want to come and invest, Ghana & SA are growing fast because of low taxation and massive output in production.
Tinubu policy will crash Nigeria in the long run the only saving grace Nigeria is enjoying is bcs crude is still selling above 50 USD pbd anything below that even at 49 USD expect 1 USD = 2,300 NGNgrin
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Deepthoughts: 4:16pm On May 22, 2025
erad:
Hatred and envy are very terrible mental issues. I call them mental issues because I don't believe rational people should possess such attributes.

Some people above me are suffering from those mental issues. They don't even understand what he's driving at in the article but their envy for dangote has already made them start tackling what he said.

For clarification purposes, dangote has no problem with whatever the government is making from his products, he's just stating one of the ways the government makes money without directly involving in business. He pushing for government building a more conducive environment so local investors can thrive and encourage foreign investors to come in thereby increasing how much the government makes.

Capisce?
Thank you, some people lack simple comprehension n are too influence by hate rather than rational thoughts.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by PHIPEX(m): 4:19pm On May 22, 2025
So the govt is the highest beneficiary from high cost of cement?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by PlanetZero: 4:29pm On May 22, 2025
Another secret leaked by dangote.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Sibrah: 4:35pm On May 22, 2025
Yet this man built a refinery FG cannot afford even half of. That 52% is looted unlike your own thats re-invested.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Elliotwaveforec: 4:40pm On May 22, 2025
In other words, the FG is the reason behind the high cost of cement, not Dangote. The FG can decide to raise the royalty on limestone, and boom, the cement price skyrockets.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Sibrah: 4:41pm On May 22, 2025
thedio:
Dangote is not putting the record straight. Mr richest man is the 52k tax. U mine what belong to all of us and paid around 52% to over two hundred million people while only u take 42% yet u r lamenting.
you have points but he gathered his own To build a refinery while the 200m people represented by FG cannot even renovate one of the four refineries or build a new one. Infact Dangote should take 99k and the useless FG 1k.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Elliotwaveforec: 4:41pm On May 22, 2025
Samogloby:
We can now see the reason for the high cost of cement. Federal govt is responsible for the high cost of cement in Nigeria
Correct!
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by dododawa1: 4:44pm On May 22, 2025
Storyteller
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Kelklein(m): 5:11pm On May 22, 2025
And later they would lie to you that government was going broke.. that's why they have to increase fuel price and increase exchange rate to make more money

Do you know how much these people make from LNG every day..
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Zetty177x: 5:12pm On May 22, 2025
bookson:
52kobo per every 1naira is huge
Over 50%
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by gadgethead: 5:29pm On May 22, 2025
We now know that reason why successive governments refused to do anything about the exorbitant price of cement.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by ayoncox: 5:43pm On May 22, 2025
What Dangote won't tell you is that he does not own the minerals that produces cement but got the license from Federal Government to mine. Because of him others could not get the licenses
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by 3kay945(m): 5:46pm On May 22, 2025
bookson:
52kobo per every 1naira is huge
Yes o, either he didn't capture it well or the amount is huge.

Isn't that more than 50% amount on a bag of cement?
1 2 3 Reply

FG Collects 52 Kobo From Every ₦1 I Make From Selling Cement - Dangote (Video)Jim Ovia Earns N1.52 Billion As Top Bank Chiefs Earn N2.3bn In Interim DividendBUA Merges With Cement Company Of Northern Nigeria In ‘largest Deal Of 2018’234

Disclosure Of Customer BVN Subject To Court Order, CBN Tells BanksMistakes Most Online Shoppers In Nigeria Make And How To Avoid Them.No Adverts In This Section: The Antispam Bot Will Ban You