Dangote Cement Plc, a subsidiary of Dangote Industries Limited, has paid a total of N412.9 billion in taxes to the Federal Government over three consecutive years.
The payments were as follows: N97.24 billion in 2020, N173.93 billion in 2021, and N141.69 billion in 2022.
By remitting these payments, Aliko Dangote, the founder of Dangote Industries Limited, emphasised the importance of prompt and accurate tax payments, stating that tax collection is essential for government to provide social services to citizens.
Dangote also advised the government to automate the tax system in the county, while commending the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms.
“Maybe they should look at automating the tax system, just like what they did in India. If you go to India today, the country collects at least $1 trillion in various taxes. On petroleum products alone, India makes $100 billion yearly, because they charge 100 per cent on petroleum products. So, what I am suggesting is that people should pay tax and if you pay, you demand services from government. I think it is a social contract.
“Once people start seeing that government is using the money to do infrastructure, fund education, healthcare, whereby the citizens don’t need to go out to India or other countries for medical attention, then people would settle down and start paying taxes,” the renowned entrepreneur added.
Other listed companies under Dangote Industries Ltd, including Dangote Sugar Refinery Plc and NASCON Allied Industries Plc, also made substantial tax contributions during the same period. Dangote’s three listed companies paid a total of N114.31 billion in 2020, N187.17 billion in 2021, and N172.15 billion in 2022.
During the three years, Dangote Cement paid a total of N412.86 billion as taxes, Dangote Sugar Refinery paid N55.38 billion, while NASCON Allied Industries paid N5.39 billion.
This analysis indicates that companies within the Dangote Group have been significant contributors to Nigeria’s economy through tax payments, supporting economic diversification efforts and reducing dependence on crude oil exports for government revenue.
Dangote Industries Limited is a diversified conglomerate with various business interests across Africa, including cement, sugar, salt, beverages, real estate, and ongoing projects in the oil and gas, petrochemical, fertilizer, and agricultural sectors.
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, is the largest cement producer in Sub-Saharan Africa, operating across ten African countries. It has a production capacity of 35.3 million metric tons in Nigeria alone and a total of 51.6Mta capacity across 10 African countries.
Dangote Sugar Refinery Plc is a leading brand in the Nigerian sugar sector, with the largest refining facility in Sub-Saharan Africa with 1.44MT per annum installed capacity. The company’s sugar backward integration projects located at Numan, in Adamawa state is focused on cultivation and milling of sugarcane to finished sugar.
