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Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessDangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company (13262 Views)

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Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by frankson1(m): 6:01pm 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
He should tell us the correct value of what the FG makes for every one bag instead of this 52kobo shit undecided undecided
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by frankson1(m): 6:04pm 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?
Dangote can only deceive people like you with mental issues.

Tell Dangote to mention the correct value of what the FG makes from every one bag of cement and stop his 52kobo shit undecided undecided
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Salowise: 6:23pm 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
From what i read, if the company makes 1b, fg take 520m while the company keeps 480m. If this is true then it's very high, the fg can reduce it and slash the price of cement for Nigerians.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by ufotunang: 7:12pm On May 22, 2025
Maxymilliano:
All natural resources belongs to the government and Cement is made from limestone which is a natural resource.

He can choose to renegotiate the sharing formula though
..he buys the limestone.. federal government does not hm give him for free
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by blackboy(m): 7:54pm 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
Same question I wanted to ask him. The man is making a huge profit in the cement business he no one day sat let me reduce price.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by franugo(m): 8:04pm 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
You will not read to understand, instead you skip the op to be FTC. The man is not lamenting, he's simply saying that govt creating a conducive environment for business is good for business people and govt too as they get to charge pretty good taxes on companies doing well.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by osayuwamwen(m): 8:53pm On May 22, 2025
Go school you nor go, 52% of 1billion take be 52million? Na 520million sir, dangote is even making too much self 52% for both tax and the raw materials used na him they pay to government
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
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by mankan2k7(m): 8:57pm On May 22, 2025
Fg behind the sale of 1 bag of cement for #10500 allegedly.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by mankan2k7(m): 8:59pm On May 22, 2025
Fg is behind the sale of 1 bag of cement for #10500 allegedly.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by erad(m):
frankson1:
Dangote can only deceive people like you with mental issues.

Tell Dangote to mention the correct value of what the FG makes from every one bag of cement and stop his 52kobo shit undecided undecided
Where's the deception? Has the government or any other concerned party refuted any of his claims?

If you can't make the calculation of what the government gets per bag from the simple way he broke it down, then I have nothing positive to say to you.

1 naira is 100kobo, 52 kobo is 52% of 1 naira which means the government gets 52% of his profit from every bag of cement he sells.

Like I said earlier, hatred and envy are terrible mental illnesses. Let go of it before it ruins you.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by philanj(m): 10:34pm On May 22, 2025
Saao:
lamenting for people like u that will blame him for high cost of cement. As it is, government is making more money than him
God bless you for educating him
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by thedio(m): 11:07pm On May 22, 2025
Sibrah:
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.
Let him now mine or get crude oil for free the way he wanted the limestone to be free.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Opebiman: 2:37am On May 23, 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.
He is not complaining.. don't act dumb..

Yes I probably deserves way more than 42% ..if it is easy. ..why not build your own multi billion dollar cement plant and make your 42% if it is so easy.

Even with such high figures as you think why there is few people in the business of producing cement.

The limestone you are talking about, are you aware there are cost of converting it to cement which is inside the 42% Dangote makes?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Opebiman: 2:41am On May 23, 2025
blackboy:
Same question I wanted to ask him. The man is making a huge profit in the cement business he no one day sat let me reduce price.
Because FG sef sat one day and reduce their own 52% share, Diesel price, dollar prices? ( yes dollar cause to maintain the plant is dollar intensive).

Dangote should upgrade the pay for workers, BUA is a bit better
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Opebiman: 2:44am On May 23, 2025
ayoncox:
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
That is a Lie..who are the others that deny and got disapproval..mention

BUA, Lafarge and Mangal have licenses..
Don't even mention Ibeto cuz he never applied for license to mine limestone for cement production but to import cement from abroad
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Opebiman: 2:49am On May 23, 2025
thedio:
That 52% is just too small, he should pay higher than that
Tomorrow you complain why foreign investors are not coming into the country..

Imagine you are into a business and government takes half of your revenue for Doing absolutely nothing..how does that make sense...but because of hatred your brain can not be open enough to think properly..

Why has the government not use their own revenue to build their own cement plant..even to get a goddamn 60k barrel per day refinery working is rocket science..yet someone used his own share of cement revenue to build a 650k barrel refinery, fertilizer and petrochemical plant..

Envy don block me your brain
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Caseless: 4:21am On May 23, 2025
G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier
Read!
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Kamor010255: 5:23am On May 23, 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.


Most of them knows nothing about anything,

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?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Shikini: 5:48am On May 23, 2025
Wow ...
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by thedio(m): 7:37am On May 23, 2025
Opebiman:
Tomorrow you complain why foreign investors are not coming into the country..

Imagine you are into a business and government takes half of your revenue for Doing absolutely nothing..how does that make sense...but because of hatred your brain can not be open enough to think properly..

Why has the government not use their own revenue to build their own cement plant..even to get a goddamn 60k barrel per day refinery working is rocket science..yet someone used his own share of cement revenue to build a 650k barrel refinery, fertilizer and petrochemical plant..

Envy don block me your brain
I don't envy anyone bro .
The question is very simple, dangote is buying crude oil as a raw material for his refinery,does he buy lime Stone for cement production. Or do you want him to mine Nigeria solid mineral for free
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by manck: 7:39am On May 23, 2025
doesn't
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Mrpojj(m): 9:06am On May 23, 2025
G0odharddick:
Why is this man lamenting?

He no wan pay tax before?

Fed Govt really helped dangote became even more wealthier
The problem with your likes is that even when your eyes are been opened, you still will not see
The man is indirectly telling you why cement is very expensive
Government is benefiting, that's why they don't say anything about reducing it
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by TossTos(m): 12:24pm On May 23, 2025
Wow , tryna say FG collect almost everything.. reason the cement price soars ..
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by charlsecy(m): 2:04pm On May 23, 2025
dominique:
Even with that, you still became the richest man in Africa so what exactly is the issue?
G0odharddick:
Why is this man lamenting?
Is it you guys couldn't understand the post, or what?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Gboss247(m): 4:37pm On May 23, 2025
jmoore:
Saudi government owe many businesses that are thriving.
Those companies are commercialized organizations might for profit making and not some subsidy consuming nationalized charity organizations in Nigeria
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Gboss247(m): 4:39pm On May 23, 2025
thedio:
That 52% is just too small, he should pay higher than that
Then, get ready to pay more for cement.
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Gboss247(m): 4:39pm On May 23, 2025
psucc:
No wonder the price defies every economic logic to keep rising
Which economic logic?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Gboss247(m): 4:50pm On May 23, 2025
Opebiman:
Because FG sef sat one day and reduce their own 52% share, Diesel price, dollar prices? ( yes dollar cause to maintain the plant is dollar intensive).

Dangote should upgrade the pay for workers, BUA is a bit better
BUA doesn't pay the level of tax Dangote is paying and has lesser liabilities
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Gboss247(m): 4:52pm On May 23, 2025
thedio:
I don't envy anyone bro .
The question is very simple, dangote is buying crude oil as a raw material for his refinery,does he buy lime Stone for cement production. Or do you want him to mine Nigeria solid mineral for free
You go school at all?
Re: Dangote: FG Makes 52 Kobo From Every N1 Generated By My Cement Company by Opebiman: 6:35pm On May 23, 2025
Gboss247:
BUA doesn't pay the level of tax Dangote is paying and has lesser liabilities
BUA doesn't pay the level of tax Dangote is paying because BUA doesn't do the level of business Dangote does.

Dangote owns 4 cement plant with a new one in Itori under construction

BUA only owns 2 whose combined capacity is not up to one of the major plants Dangote owns in Kogi.
1 2 3 Reply

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