Business News of Sunday, 21 December 2025Source: www.ghanaweb.comAfrica’s richest man, Aliko Dangote, has explained that the price difference between his exported cement and what Nigerians pay domestically is primarily due to Nigeria’s high taxes and regulatory burden. Speaking at a press conference, Dangote explained that exporting allows his company to bypass a range of taxes that would otherwise drive up production costs domestically. By eliminating these costs, Aliko Dangote noted that he would be able to price Nigerian cement competitively in global markets against producers from Turkey, Russia, and China. Nigeria's fiscal framework makes it cheaper to sell locally produced items overseas than at home, reflecting deeper structural flaws in the economy. Dangote reveals what his prayer for his worst enemy isHe also said Nigerian consumers bear the cost of high taxes, various levies, and regulatory inefficiency.

Source: GhanaWeb December 21, 2025 10:30 UTC