Dangote Industries Limited paid over N402 billion in taxes in 2024, marking it as Nigeria’s highest taxpayer. The Federal Inland Revenue Service recognized its compliance, emphasizing its commitment to fulfilling tax and CSR obligations. Additionally, Dangote Cement received multiple awards for its activity in the foreign exchange market during the FMDQ Gold Awards.
In 2024, Dangote Industries Limited, along with its subsidiaries, paid a staggering N402 billion in taxes, solidifying its status as Nigeria’s top taxpayer. Anthony Chiejina, the Chief Branding and Communication Officer, made this announcement during a meeting with senior media representatives at the company’s Lagos headquarters. This impressive amount reflects the organization’s commitment to fulfilling its tax obligations as responsible business entities.
The Federal Inland Revenue Service (FIRS) recognized Dangote Industries Limited and its subsidiary, Bluestar Shipping, for their exemplary tax compliance at the 2024 Lagos International Trade Fair. The FIRS is the Nigerian agency tasked with tax assessment, collection, and revenue accounting for the Federal Government.
Chiejina emphasized that Dangote Industries Limited is dedicated to its responsibilities, honoring both governmental tax duties and its Corporate Social Responsibility (CSR) initiatives within local communities. Over the past forty years, the company’s corporate strategy has adapted alongside its growth and diversification across sectors and regions.
Dangote Group, alongside its subsidiaries, has been acknowledged for its tax compliance and business achievements. Notably, Dangote Cement, Nigeria’s foremost cement manufacturer, received three accolades at the FMDQ Gold Awards for being the most active entity in the foreign exchange market, including recognition for the largest commercial paper quotation.
In summary, Dangote Group’s substantial tax payment of N402 billion in 2024 highlights its role as Nigeria’s leading taxpayer and a responsible business. The recognition from FIRS underscores its commitment to tax compliance and corporate responsibility. As the Group continues to expand within Africa, it remains a prime example of corporate dedication to socio-economic development through both fiscal contributions and community engagement.
Original Source: dmarketforces.com
