Dangote Group is top tax payer and employer in Nigeria

The Dangote Group, a leading conglomerate with a diverse range of interests in oil and gas, cement, sugar, salt, and more, is still leads as a top tax payer and employer in Nigeria. The company’s commitment to the advancement of Nigeria’s economy and prosperity for all is evident in its significant contributions to the national treasury.

At a media parley on Sunday, July 14, 2024, the company’s founder, Alhaji Aliko Dangote, proudly disclosed the group’s tax contributions, stating that:

– For every N1 turned over, the group pays about 52 Kobo in taxes, demonstrating a significant contribution to the national revenue.

– The cement subsidiary has paid more taxes than all banks in the country, with a staggering:

– N170 billion in corporate tax, education tax, and withholding tax of about N30 billion.

– The group pays N900 million daily in VAT, totaling N27 billion monthly, further emphasizing its commitment to supporting the government’s revenue generation efforts.

Dangote acknowledged government’s support through tax holidays, which has enabled the group’s growth and expansion. This support has been instrumental in the company’s ability to invest in various sectors, create jobs, and contribute to the economy.

The Dangote Group is also one of Nigeria’s top employers in the private sector, with scores of thousands of employees across its subsidiaries. The group is consistently listed as one of the top ten best-paying companies in Nigeria, providing employment opportunities and supporting the livelihoods of many families.

The group has a diverse range of interests, including:

– Oil and gas

– Agriculture

– Cement

– Sugar and salt

– Procurement and construction

– Auto assembly

These subsidiaries have enabled the group to diversify its investments, create jobs, and contribute to the economy.

The media parley was held at the new refinery and petrochemical complex in Ibeju-Lekki, Lagos, where Dangote reeled out some figures on the groups employment and tax contributions. The event provided an opportunity for the company to showcase its commitment to transparency and accountability.