Aliko Dangote, President of the Dangote Group and Africa’s richest man, has disclosed that his company paid an unprecedented N450 billion in taxes to the Nigerian government in 2024—marking a significant milestone in corporate accountability and economic contribution. This landmark figure cements the Dangote Group’s position as the highest tax-paying corporate entity in Nigeria.
The announcement was made during a recent meeting with President Bola Ahmed Tinubu, where Dangote reaffirmed his conglomerate’s commitment to national development. With core operations in cement, sugar, oil refining, and agriculture, the Dangote Group continues to play a vital role in Nigeria’s industrial and economic transformation.
This N450 billion tax payment is more than a financial statistic—it is a reflection of the Dangote Group’s dedication to national growth, especially at a time when the country is striving to diversify its economy and reduce its reliance on oil revenues. The funds are expected to boost government investments in infrastructure, healthcare, education, and public services, contributing to sustainable development across the nation.
Aliko Dangote has consistently advocated for strong corporate social responsibility and has emphasized the importance of taxation as a civic duty for all businesses. His leadership philosophy promotes giving back to society while driving sustainable industrial growth.
The company's vast expansion in recent years speaks volumes about its profitability and operational success. Dangote Cement, one of the group’s flagship ventures, has significantly increased its production capacity to meet domestic demand and supply neighboring West African markets. This expansion not only supports local economies but also strengthens Nigeria’s export potential.
In agriculture, the Dangote Group has launched large-scale investments aimed at enhancing food security. Initiatives in rice milling and tomato processing have generated thousands of jobs and are actively reducing the nation’s dependence on imported food products. These efforts align with the government's vision for agricultural self-sufficiency and economic resilience.
The N450 billion tax contribution underscores the role of responsible businesses in national development. As Nigeria seeks to overcome economic challenges and attract more private sector investment, the Dangote Group stands out as a model of excellence in both business performance and patriotic commitment.