The Dangote Group has dismissed as false a viral social media claim alleging that the administration of President Bola Tinubu earns revenue from every bag of cement sold in Nigeria.

The claim, which circulated widely on Facebook, suggested that the government collects as much as N6,240 from each bag of cement sold, alongside assertions that such revenue streams are linked to broader fiscal policies.

The company, however, described the statement as misleading and not reflective of Nigeria’s cement pricing or taxation structure.

The clarification comes amid a surge in misinformation on social media, including the increasing use of manipulated and AI-generated content to push political narratives.

In a related development, Africa’s richest man, Aliko Dangote, has been named in the 2026 TIME100 list of the world’s most influential people released by TIME Magazine.

According to the News Agency of Nigeria (NAN), Dangote is the only Nigerian featured on this year’s list, appearing in the “Titans” category.

This marks his second appearance on the TIME100 list, following his first recognition in 2014 for his contributions to business and philanthropy.TIME highlighted Dangote’s role in driving industrialisation across Africa through investments in cement, agriculture, food processing, infrastructure and energy, as well as his efforts to build globally competitive industries using local resources.

The latest recognition further reinforces his standing as one of Africa’s most influential industrial figures.