Dangote Industries Limited paid N402 billion in taxes in 2024, ranking as Nigeria’s top taxpayer. The Federal Inland Revenue Service recognized its compliance while the Group engages in CSR efforts. Dangote Cement also received awards for its active participation in the foreign exchange market and for its commercial paper activities.
In 2024, Dangote Industries Limited (Dangote Group) reported a tax payment of over N402 billion to the Nigerian government, establishing itself as the nation’s top taxpayer. Anthony Chiejina, the Chief Branding and Communication Officer of Dangote Group, shared this information during a meeting with leading media figures at his Lagos office. The taxes were contributed by Dangote Cement, NASCON, and Dangote Packaging Limited, among others, fulfilling their responsibilities as corporate entities.
The Federal Inland Revenue Service (FIRS) recognized Dangote Industries Limited and its subsidiary, Bluestar Shipping, for their compliance with tax regulations during the 2024 Lagos International Trade Fair organized by the Lagos Chamber of Commerce and Industry. The FIRS is the governmental body responsible for the collection and management of tax revenue in Nigeria.
Chiejina emphasized that Dangote Group has consistently fulfilled its obligations to the government through tax payments and has also engaged in Corporate Social Responsibility (CSR) efforts within host communities. He highlighted the company’s strategy, which has evolved significantly over the last 40 years alongside its growth, leading to Nigeria achieving self-sufficiency in cement and petroleum products.
Moreover, Dangote Cement received accolades for its compliance in tax payments and was celebrated at the FMDQ Gold Awards for its active role in the foreign exchange market. The company was recognized for having the largest commercial paper quotation on the FMDQ and the largest corporate debt issue. This recognition further establishes Dangote Group as a leading contributor to Nigeria’s economy and fiscal responsibility.
In summary, Dangote Group has made significant contributions to the Nigerian government through substantial tax payments in 2024, underscoring its status as the leading taxpayer in the nation. The FIRS has acknowledged its compliance with tax obligations, and the Group continues to demonstrate its commitment to both economic responsibilities and community engagement through CSR initiatives. The accolades received from various organizations underscore the Group’s role in enhancing Nigeria’s economic landscape.
Original Source: dmarketforces.com
