Leadnaija
Aliko Dangote, Africa’s richest man and President of the Dangote Group, has raised concerns about the heavy tax burden on domestic investors in Nigeria. Speaking on the challenges of doing business in the country, Dangote stated:
“For every 100 kobo (1 Naira) you make as a domestic investor, 52 kobo goes to the federal government as taxes.”
He emphasized that this overwhelming tax rate is discouraging for local entrepreneurs and is a key factor limiting industrial growth and economic competitiveness.
Dangote urged the government to reconsider its fiscal policies to create a more favorable environment for local investors, warning that continued pressure could stifle domestic productivity and drive more businesses to the brink.
His comments add to ongoing debates about Nigeria’s tax regime, ease of doing business, and the need to balance revenue generation with private sector growth.
