The President of the Dangote Group, Aliko Dangote, has disclosed to President Bola Tinubu that his conglomerate paid a staggering N450 billion in taxes to the Federal Government in 2024, making it the highest tax-paying company in Nigeria.
He noted that the Dangote Group contributed more in taxes than all the banks in the country combined.
Despite this substantial tax payment, Dangote revealed that the Group is also committed to investing an additional N900 billion in road infrastructure projects across Nigeria. Among these is the Deep Sea Port Access Road, one of several projects undertaken by the company under the Federal Government’s tax credit scheme.
According to Dangote, the Deep Sea Port Access Road is “one of eight major road projects totaling 500 kilometres, including two in Borno State that will eventually link Nigeria to both Chad and Cameroon.”
He commended President Tinubu’s leadership, describing him as a courageous leader whose administration has restored investor confidence in the private sector.
Dangote also expressed appreciation for the President’s vision and commitment to the Lekki Deep Sea Port project, and pledged the private sector’s continued support for expanding infrastructure nationwide.
In a symbolic gesture, Dangote announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals would be named in honour of the President.
“The Dangote refinery complex is, in many ways, your brainchild,” he told Tinubu. “Mr. President, let me just say one thing — the main road leading into our refinery is now to be known as Bola Ahmed Tinubu Road.”
Following the announcement, President Tinubu rose to shake hands with Dangote, drawing applause from the dignitaries in attendance.
