Dangote Group Emerges Highest Tax-Paying Company in Nigeria, Pays N450bn in Taxes in 2024
The Dangote Group has paid a staggering N450 billion in taxes to the Federal Government’s coffers in 2024, surpassing all other companies in Nigeria, including the banking sector in the country.
This remarkable achievement was disclosed by the President of the Dangote Group, Aliko Dangote, during a meeting with President Bola Tinubu and the commissioning of the Lekki Deep Sea Port Tax Credit Concrete Road in Lagos State.
Gentechnews gathered that the Dangote Group’s tax payment is a significant contribution to the nation’s revenue, solidifying its position as the highest tax-paying company in Nigeria, as well as investing an additional N900 billion in road infrastructure across Nigeria.
This includes the development of the Deep-Sea Port Access Road, a crucial project under the Federal Government’s tax credit scheme.
The Deep-Sea Port Access Road is one of eight major road projects totaling 500 kilometers, including two in Borno State that will eventually link Nigeria to both Chad and Cameroon.
Dangote commended President Tinubu’s leadership, describing him as a courageous leader who has revitalized investors’ confidence in the private sector with a pledge to do more.
Consequently, Dangote announced that the main road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named “Bola Ahmed Tinubu Road” in of appreciation and honour of the President.
According to a statement by Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, there’s a slight discrepancy in the reported tax payment amount, noting that the Group paid over N402 billion in taxes in 2024, which was recognized by the Federal Inland Revenue Service as the most tax-compliant organization in the country.
