Quick Summary: Dangote Industries Limited has reaffirmed its position as Nigeria’s highest taxpayer, remitting over N402 billion in 2024. The Federal Inland Revenue Service (FIRS) recognized the company and its subsidiary, Bluestar Shipping, for tax compliance. Beyond taxes, Dangote Group drives economic growth through manufacturing, corporate responsibility, and industry leadership.
Record Tax Payment in 2024
Dangote Industries Limited (Dangote Group) has announced that it paid over N402 billion in taxes in 2024, reaffirming its position as Nigeria’s highest taxpayer.
Recognition from FIRS
Anthony Chiejina, Dangote’s Chief Branding and Communication Officer, revealed this during an interactive session with senior media executives in Lagos. He noted that Dangote Industries Limited (DIL) and its subsidiaries—including Dangote Cement, NASCON, and Dangote Packaging Limited—collectively remitted N402.319 billion in taxes for the year.
The Federal Inland Revenue Service (FIRS), Nigeria’s apex tax authority, had earlier recognized DIL and its subsidiary, Bluestar Shipping, as the most tax-compliant organizations in the country. The recognition was awarded during the FIRS Special Day at the 2024 Lagos International Trade Fair, organized by the Lagos Chamber of Commerce and Industry (LCCI).
Commitment to Corporate Responsibility
Chiejina emphasized that Dangote Group remains dedicated to fulfilling its obligations to the government and its host communities. Beyond tax compliance, the conglomerate actively engages in Corporate Social Responsibility (CSR) initiatives, reinforcing its role as a responsible corporate entity.
“As a responsible business entity, the Dangote Group ensures timely and full tax remittance at all levels of government. We also prioritize community engagement and social impact initiatives, furthering our commitment to national development,” Chiejina stated.
Driving Economic Growth and Industrial Self-Sufficiency
Over the past four decades, Dangote Group has transformed from a trading company into a manufacturing giant. It has diversified into key sectors such as cement production, sugar refining, and petroleum refining. The company has played a significant role in making Nigeria self-sufficient in cement production and refined petroleum products, while also expanding its operations across Africa.
Industry Leadership and Awards
Dangote Group’s commitment to fiscal responsibility is reinforced by numerous industry accolades. At the FMDQ Gold Awards in Lagos, its subsidiary, Dangote Cement Plc, won three prestigious awards for excellence in Nigeria’s financial markets:
- Most Active Business in the Foreign Exchange Market
- Largest Commercial Paper Quotation on FMDQ
- Single Largest Corporate Debt Issue on FMDQ
Additionally, Dangote Industries Limited was recognized as the Most Active Corporate in the Foreign Exchange Market, further cementing its influence in Nigeria’s economic landscape.
With its unwavering commitment to tax compliance, corporate responsibility, and economic growth, Dangote Group continues to set the standard for industry leadership in Nigeria and beyond.
