President/Chief Executive of Dangote Industries Limited, Aliko Dangote, on Thursday, declared that his conglomerate remitted a total of N450 billion in taxes to the Federal Government in 2024, positioning the company as the highest tax contributor in the country.
Dangote made the disclosure during President Bola Ahmed Tinubu’s visit to the Dangote Petroleum Refinery and Petrochemicals Plant in Lekki, Lagos.
Speaking before an audience that included top business leaders and federal officials, Dangote stated that the tax paid by his group exceeded the combined contributions of all Nigerian banks, highlighting the company’s pivotal role in Nigeria’s fiscal sustainability.
Despite this significant contribution, the industrialist announced a further investment of N900 billion by the Dangote Group into Nigeria’s road infrastructure, with the funds committed under the Federal Government’s Tax Credit Scheme.
“Our Deep-Sea Port Access Road is just one of eight major roads, spanning a total of 500 kilometres,” Dangote said.
“Two of these roads are in Borno State and will connect Nigeria with Chad and Cameroon, enhancing regional trade and connectivity.”
He described President Tinubu’s administration as bold and reform-driven, stating that investor confidence is returning under his leadership.
Dangote also applauded the government’s commitment to infrastructure, especially the Lekki Deep Sea Port project, which he credited to Tinubu’s vision.
“The Dangote refinery complex is, in many ways, your brainchild,” Dangote told the President. “And in recognition of that, we’ve decided that the road leading to the refinery will be named ‘Bola Ahmed Tinubu Road.’”
The announcement drew applause from dignitaries, as President Tinubu stood to shake hands with Dangote in a symbolic gesture of private-public sector solidarity.
Among those in attendance were the Chairman of First Bank, Mr. Femi Otedola; Chairman of BUA Group, Abdul Samad Rabiu; Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheus Adedeji; Presidential Adviser on Energy, Olu A. Verheijen; and Vice President, Oil and Gas at Dangote Industries Limited, Devakumar Edwin.
The visit by the President signals growing support for private sector-led development, particularly in critical sectors such as infrastructure, energy, and manufacturing.
The Dangote Refinery, touted as one of the largest single-train refineries in the world, is expected to significantly reduce Nigeria’s reliance on imported petroleum products and transform the country into a net exporter.
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