Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company (13256 Views)
| 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: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: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: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: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 ![]() |
| 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: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: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: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: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 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 ![]() 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 NGN ![]() |
| Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Deepthoughts: 4:16pm On May 22, 2025 |
erad: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: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: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: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: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? |
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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 