Dangote Group Tops Tax Payment List, Pays Over N402bn in 2024
By Patience Ikpeme
Dangote Industries Limited (DIL) and its subsidiaries have emerged as the highest taxpayers in Nigeria for 2024, remitting a total of N402.319 billion in taxes.
This disclosure was made by Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, during a meeting with senior media executives in Lagos.
Chiejina revealed that DIL, along with its subsidiaries including Dangote Cement, NASCON, and Dangote Packaging Limited, fulfilled their tax obligations as responsible business entities. “This significant contribution underscores the group’s commitment to national development and compliance with fiscal regulations” he said.
The Federal Inland Revenue Service (FIRS) had previously recognized DIL and its subsidiary, Bluestar Shipping, as the most tax-compliant organizations in the country during the FIRS Special Day at the 2024 Lagos International Trade Fair, organized by the Lagos Chamber of Commerce and Industry (LCCI).
The FIRS is the agency responsible for assessing, collecting, and accounting for taxes and other revenues accruing to the Federal Government of Nigeria.
Chiejina said that Dangote Group has consistently met its obligations to the government through tax payments and to host communities through its Corporate Social Responsibility (CSR) initiatives. He noted that the group’s corporate strategy has evolved alongside its expansion into diverse sectors and regions over the past four decades.
The Dangote Group has played a pivotal role in achieving Nigeria’s self-sufficiency in cement and refined petroleum products and is rapidly expanding its operations across Africa. This growth has been accompanied by a strong commitment to fiscal responsibility.
In addition to its tax compliance, Dangote Group and its subsidiaries have received recognition for their performance in other areas.
Dangote Cement Plc recently won three awards at the FMDQ Gold Awards in Lagos, including the Largest Commercial Paper Quotation on FMDQ, the Single Largest Corporate Debt Issue on FMDQ, and Dangote Industries Ltd was recognized as the “Most active corporate in the foreign exchange market”.
These accolades reflect the group’s significant contribution to the Nigerian economy and its adherence to best practices in financial management and corporate governance.
