Dangote Group has reported paying over ₦402 billion in taxes in 2024, solidifying its status as the top taxpayer in Nigeria. The company is recognized for its tax compliance and contributions to corporate social responsibility. Additionally, its subsidiary, Dangote Cement, received multiple awards for its activities in the foreign exchange market.
The Dangote Group, a leading Pan African conglomerate, announced it remitted over ₦402 billion in taxes for the year 2024. This remarkable payment consolidates its position as the highest taxpayer in Nigeria, underscoring the company’s commitment to fulfilling its tax obligations. Anthony Chiejina, the Chief Branding and Communication Officer for Dangote, shared this information during a meeting with senior media executives in Lagos.
In late 2024, the Federal Inland Revenue Service (FIRS) recognized Dangote Industries Limited (DIL) and its subsidiary Bluestar Shipping as the most tax compliant organizations in Nigeria. This recognition occurred during a special event at the Lagos International Trade Fair, showcasing DIL’s integral role in supporting government revenue through tax contributions.
Chiejina emphasized that DIL maintains a strong focus on its responsibilities toward both the government and local communities. The conglomerate engages in Corporate Social Responsibility (CSR) initiatives while ensuring compliance with tax payments at all levels. His remarks highlighted the company’s evolution alongside its diversification into various sectors over four decades.
Furthermore, Dangote Group has achieved considerable milestones, such as facilitating Nigeria’s self-sufficiency in cement and refined petroleum products. The group’s growth trajectory continues to expand across Africa, reinforcing its market presence and influence.
In recognition of its compliance and contributions, Dangote Cement, a subsidiary of the Group, received multiple accolades at the FMDQ Gold Awards. The cement manufacturer was honored for being the most active business in the foreign exchange market and had the largest commercial paper quotation and corporate debt issue on FMDQ.
In summary, Dangote Group’s payment of ₦402 billion in taxes for 2024 establishes it as Nigeria’s highest taxpayer. The company has consistently demonstrated its commitment to tax compliance and corporate social responsibility. As it continues to expand and diversify, the Group remains a significant contributor to Nigeria’s economic stability and growth.
Original Source: dmarketforces.com
