Dangote Reveals Why Cement Costs More In Nigeria Than Abroad.

President of the Dangote Group, Aliko Dangote, has explained why cement produced by his company is sold at lower prices in foreign markets compared to Nigeria, attributing the disparity to heavy taxation and regulatory pressures on local manufacturers.....KINDLY READ THE FULL STORY HERE▶

According to Nivo News, the billionaire industrialist said the accumulation of multiple taxes, levies and compliance costs within Nigeria significantly inflates the domestic price of cement, making locally sold products more expensive than exports.

Dangote disclosed that exporting cement allows his company to avoid several statutory charges that ordinarily increase production costs at home. He noted that these savings make it possible for Nigerian cement to compete favourably in the global market.

He explained that exporters are exempt from a wide range of deductions, including corporate income tax, education and health levies, value-added tax, and withholding tax, which together add substantially to the cost of cement sold within Nigeria.

Dangote stated that once these taxes are removed, Nigerian cement producers can compete effectively with major global suppliers from countries such as Turkey, Russia and China.

Despite the challenges, the industrialist reiterated his long-standing commitment to local manufacturing, emphasizing that domestic production remains critical to Nigeria’s economic growth and long-term self-sufficiency.