In 2024, Dangote Group paid over N402 billion in taxes, making it Nigeria’s highest taxpayer. Its subsidiaries, including Dangote Cement, were recognized by the FIRS for their tax compliance. The Group emphasizes its corporate responsibilities alongside its substantial contributions to Nigeria’s economic growth and self-sufficiency.
In 2024, the Dangote Group reported a staggering tax payment of over N402 billion, establishing itself as the highest taxpayer in Nigeria. Anthony Chiejina, the Chief Branding and Communication Officer, conveyed this information during a meeting with senior media members at the Group’s Lagos office. The significant tax contributions stem from its various subsidiaries, including Dangote Cement and NASCON.
The Federal Inland Revenue Service (FIRS) acknowledged the Dangote Group and its subsidiary Bluestar Shipping as leading tax compliant organizations during a special event at the 2024 Lagos International Trade Fair. The FIRS is the responsible authority for the assessment and collection of taxes for the Nigerian Federal Government.
Chiejina emphasized that the Dangote Group has consistently met its tax obligations while also fulfilling its Corporate Social Responsibility (CSR) duties to host communities. He noted that the corporate strategy has evolved in line with the Group’s growth and diversification over four decades.
The Group has significantly contributed to Nigeria’s self-sufficiency in cement and refined petroleum products while continuing to expand across the African continent. Moreover, Dangote Cement has received accolades for its compliance, winning three awards at the FMDQ Gold Awards in Lagos for its active involvement in the Foreign Exchange market.
Among the accolades, Dangote Cement was recognized as the Largest Commercial Paper Quotation and for the Single Largest Corporate Debt Issue on FMDQ, further solidifying its standing in the market.
The Dangote Group’s payment of N402 billion in taxes in 2024 underscores its commitment to fulfilling tax obligations and demonstrates its status as Nigeria’s leading taxpayer. Recognized by the FIRS for tax compliance, the Group continues to impact both national development and corporate social responsibility. Its achievements in the cement and petroleum sectors exemplify its growth trajectory and contribution to the Nigerian economy as it expands across Africa.
Original Source: dmarketforces.com
