Dangote Blames High Taxes for Cost Disparity in Nigerian Cement Market

Billionaire industrialist Dangote of Dangote Group explains that the price disparity of cement between Nigeria and foreign markets is primarily due to the high taxes and regulatory burdens imposed on local producers. This situation makes cement production more expensive in Nigeria, hindering the country's goal of achieving economic self-sufficiency.

Dangote emphasizes the need to support local manufacturing to reduce the final retail price of cement for consumers in Nigeria.