Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government

At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized the substantial revenue the federal government gains from local investment. He revealed that for every one Naira earned through domestic investment, 52 Kobo is returned to the government in taxes. His remarks underscored the economic significance of supporting local enterprises.

Dangote called on the government at all levels to prioritize the encouragement of domestic investors, stating that the success of local businesses plays a crucial role in attracting foreign investment. He argued that foreign investors are more likely to show interest in economies where domestic investment is already thriving and well-supported.

He further stressed that nurturing local investors is a vital step towards state development and job creation. According to him, when domestic businesses flourish, they not only boost government revenue but also contribute to community development through employment and industrial growth. Dangote reiterated his commitment to continue investing in Nigeria despite the challenges.

Praising Taraba State Governor Agbu Kefas for organizing TARAVEST, Dangote highlighted Taraba’s strong investment potential, particularly in the agriculture sector. He expressed confidence in the state’s prospects and pledged the support of Dangote Group in its development initiatives, aiming to harness local opportunities for broader economic growth.

The summit serves as a platform for investment dialogue, and Dangote’s statements reinforced the message that domestic investment is a foundation for sustainable national development. His call for policies that favor local investors reflects a broader strategy to stabilize the Nigerian economy through homegrown enterprise support.