In 2024, Dangote Industries Limited paid N402 billion in taxes, marking it as Nigeria’s top taxpayer, recognized by the FIRS. The company, including subsidiaries like Dangote Cement, has shown strong tax compliance and corporate responsibility, significantly impacting Nigeria’s economy and expanding across the continent.
In 2024, Dangote Industries Limited (Dangote Group) paid over N402 billion in taxes, making it the highest taxpayer in Nigeria. This figure reflects the contributions of its subsidiaries, including Dangote Cement and NASCON. Chief Branding and Communication Officer Anthony Chiejina shared this news during a meeting in Lagos with senior media executives.
The Federal Inland Revenue Service (FIRS) recognized Dangote Industries and its subsidiary Bluestar Shipping as the most tax-compliant organizations in Nigeria, an honor bestowed during the 2024 Lagos International Trade Fair. The FIRS is responsible for tax assessment and collection for the Nigerian Federal Government.
Chiejina emphasized the company’s commitment to fulfilling its tax obligations and contributing to community welfare through Corporate Social Responsibility (CSR). He outlined how Dangote Group’s corporate strategies have adapted as the company has diversified across sectors and regions over the past four decades.
Furthermore, Dangote Group has significantly contributed to Nigeria’s self-sufficiency in both cement and refined petroleum products, while also expanding its reach throughout Africa. The Group received accolades for tax compliance and, at the FMDQ Gold Awards, its subsidiary Dangote Cement secured three awards for its activity in the Foreign Exchange market.
Dangote Cement was recognized as having the Largest Commercial Paper Quotation and the Single Largest Corporate Debt Issue on the FMDQ, while also being named the “Most active corporate in the foreign exchange market.”
Dangote Group’s substantial tax payment of over N402 billion in 2024 highlights its role as the leading taxpayer in Nigeria. The company has demonstrated a strong commitment to tax compliance and community support, earning recognition from the FIRS. With its successful ventures in cement and petroleum, Dangote Group continues to contribute significantly to Nigeria’s economy and is expanding across Africa.
Original Source: dmarketforces.com
