Africa’s richest man and President of the Dangote Group, Aliko Dangote, has announced that his conglomerate paid a staggering ₦450 billion in taxes to the Federal Government in 2024 – making it the highest tax-paying company in Nigeria.
Dangote made this known during a recent meeting with President Bola Ahmed Tinubu, where he also disclosed that the Group’s tax contribution in 2024 surpassed the combined tax payments of all Nigerian banks.
Despite this massive tax commitment, Dangote revealed that the Group is going even further – investing another ₦900 billion into critical road infrastructure across the country.
One of the standout projects is the Deep-Sea Port Access Road, part of eight major highway projects covering a total of 500 kilometres, including two key routes in Borno State set to link Nigeria with Chad and Cameroon. These developments fall under the Federal Government’s Tax Credit Scheme, which allows private sector players to construct infrastructure in exchange for tax relief.
Dangote applauded President Tinubu’s leadership, calling him a “courageous leader” who has restored private sector confidence and championed key infrastructure initiatives.
“Mr President, the Dangote Refinery complex is, in many ways, your brainchild,” Dangote stated, expressing gratitude for the administration’s support in executing the Lekki Deep Sea Port project.
In a symbolic gesture, Dangote announced that the main road leading to the Dangote Petroleum Refinery & Petrochemicals will now be named “Bola Ahmed Tinubu Road”, in honour of the President’s visionary leadership.
“Let me just say one thing – the main road leading into our refinery is now to be known as Bola Ahmed Tinubu Road,” he declared.
The announcement drew applause from dignitaries in attendance, and President Tinubu responded with a handshake, acknowledging the tribute with appreciation.
