The Dangote Group has dismissed as false a viral social media claim alleging that the administration of President Bola Ahmed Tinubu earns revenue from every bag of cement sold in Nigeria.
The claim, which circulated widely on Facebook and was falsely attributed to Africa’s richest man, Aliko Dangote, alleged that the Federal Government takes a substantial cut from each bag of cement sold across the country.
According to the misleading post, “Tinubu’s government takes 52k from every N1 on cement. That is, N6,240 from every bag of cement. And they are still borrowing, what are they doing with the money?”
Reacting to the claim on Wednesday, the Dangote Group shared a screenshot of the viral post on its official X account and clearly labelled it “Fake,” dismissing the allegation without further comment.
The company’s response comes amid increasing concerns over the spread of misinformation on social media, as well as the growing misuse of AI-generated videos, images, and fabricated quotes to push political narratives and false claims.
Meanwhile, Aliko Dangote has been named in the 2026 TIME100 list of the world’s most influential people, released on Wednesday by TIME Magazine.
The prestigious annual list recognises influential global figures across politics, business, technology, and culture. Other notable personalities featured this year include U.S. President Donald Trump, Chinese President Xi Jinping, Israeli Prime Minister Benjamin Netanyahu, Canadian Prime Minister Mark Carney, and Pope Leo XIV.
Dangote is the only Nigerian named on the 2026 list and was recognised in the “Titans” category.
This marks his second appearance on the TIME100 list, having previously been honoured in 2014 for his outstanding contributions to business and philanthropy.
TIME Magazine highlighted Dangote’s significant role in driving industrialisation across Africa through strategic investments in cement production, agriculture, food processing, infrastructure, and energy.
The publication also commended his commitment to building globally competitive industries by leveraging local resources and strengthening economic development across the continent.
Dangote Group Debunks Viral Claim Linking Tinubu Government to Cement Sales Revenue
