My firm paid N450bn in taxes in 2024 – Dangote tells Pres. Tinubu

President of the Dangote Group, Aliko Dangote, just lately knowledgeable President Bola Tinubu that his group of firms paid a whopping N450 billion in taxes to the Federal Authorities’s coffers in 2024, thereby making it the best tax-paying firm in Nigeria. With this vital tax fee, Dangote firms are contributing extra in taxes than all of the nation’s banks mixed.

Dangote additionally revealed that, regardless of paying N450 billion in taxes final yr, the Group is dedicated to spending extra N900 billion on highway infrastructure throughout Nigeria. The Deep-Sea Port Entry Highway, he stated, is one among a number of roads constructed and being developed by the Dangote Group beneath the Federal Authorities’s tax credit score scheme.

In accordance with Dangote, the Deep Sea Port Entry Highway is “one among eight main highway tasks totalling 500 kilometres, together with two in Borno State that can ultimately hyperlink Nigeria to each Chad and Cameroon.”

He praised President Tinubu’s management, describing him as a brave chief whose administration has revived investor confidence within the personal sector.

He additionally thanked the President for envisioning and implementing the Lekki Deep Sea Port undertaking and warranted him of the personal sector’s help for increasing infrastructure nationwide.

Dangote then revealed that the highway resulting in the state-of-the-art Dangote Petroleum Refinery & Petrochemicals might be named Bola Ahmed Tinubu Highway, in honour of President Bola Ahmed Tinubu.

“The Dangote refinery complicated is, in some ways, your brainchild,” Dangote informed the President. “Mr President, let me simply say one factor — the primary highway main into our refinery is now to be generally known as Bola Ahmed Tinubu Highway.”

Following the announcement, President Tinubu rose to shake palms with Dangote in a second that drew applause from the dignitaries in attendance.