A nation where there are many small business owners, you have a poor nation. Yes, for all the noise of expanding business ownership, nations need BIG companies because big is better, since big companies have accumulated capabilities to solve huge business frictions in the land. And when big firms do rise, glory awaits for the tax agency.
Dangote Group is a case study: “Dangote Industries Limited (DIL), the conglomerate led by Africa’s richest man, Aliko Dangote, has once again asserted its dominance as Nigeria’s highest taxpayer. The company disclosed that it paid a staggering N402.319 billion in taxes in 2024, underscoring its significant contribution to the nation’s fiscal health.”
Dangote Group: Nigeria’s Leading Tax Contributor with Over N402 Billion Paid in 2024
Dangote Industries Limited (DIL), the conglomerate led by Africa’s richest man, Aliko Dangote, has once again asserted its dominance as Nigeria’s highest taxpayer. The company disclosed that it paid a staggering N402.319 billion in taxes in 2024, underscoring its significant contribution to the nation’s fiscal health.
Anthony Chiejina, Chief Branding and Communication Officer of Dangote Group shared this information during an interactive session with senior media executives at his office in Lagos. He emphasized that DIL, alongside its subsidiaries such as Dangote Cement, NASCON, and Dangote Packaging Limited, collectively remitted the taxes to the Federal Inland Revenue Service (FIRS).
Earlier in 2024, the FIRS, Nigeria’s apex tax authority, recognized DIL and its subsidiary, Bluestar Shipping, as the most tax-compliant organization in the country. The recognition was bestowed during the FIRS Special Day at the 2024 Lagos International Trade Fair, organized by the Lagos Chamber of Commerce and Industry (LCCI).
The FIRS, responsible for assessing, collecting, and accounting for federal tax revenues, praised Dangote Group’s adherence to tax regulations. This recognition aligns with the conglomerate’s reputation for fiscal discipline and transparency
Nigeria must find ways to scale companies so that we can have BIG companies. It is by doing that would Nigeria have resources to do whatever it hopes to do. Dangote is paying state budget as tax; that is something to celebrate
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