Dangote contributes 53% of govt revenue in mineral resources sector
An agency of the Federal Government, the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Dangote Industries...
https://seekfornews.blogspot.com/2016/05/dangote-contributes-53-of-govt-revenue.html
An agency of the Federal Government, the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Dangote Industries Limited generates more mineral resource revenue for the government than the rest of the nation put together.
In its reports made available to the press yesterday, Dangote Cement was responsible for 53 per cent of the government revenue, that is, N15.9 billion of the total N33.86 billion accrued that year to the Federal Government.

Forty-eight other minerals were responsible for only 3 percent of the country’s solid mineral productions. It would be recalled that Dangote Cement Plc has recently expanded its frontiers to Asia, by constructing a 3 million metric tons per annum (mmtpa), Cement Plant in Nepal, as part of its new investment of $4.34 billion into 10 African countries. Aliko Dangote, Chairman of Dangote Cement, who revealed this recently, assured Nigerians that, the country will no longer be used as a dumping ground, as the company, now has capacity to export more than 10 million metric tons of cement outside the country.
Currently in 15 African countries, excluding Kenya, Niger and Mali, which are new projects. The company’s current total capacity stands at 48mmtpa, out of which Nigeria alone has the largest chunk of 29.3mmtpa. Chatting with newsmen recently, Aliko said: “We are not only building cement plants in Africa, we have gone far away to NEPAL to build a three-million metric tons cement plant capacity and by the time all these our new projects are completed in the next two years, Dangote cement will have more than 70 million capacity.
“But we are not going to stop there, hopefully, by 2020, our targets is getting to somewhere around 100 million tons capacity. I can assure you categorically that Africa will not lack cement now and even in the future. Africa will be self -sufficient rather than be a dumping ground for other manufacturers of cement.”