President of Dangote Group, Aliko Dangote, has informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government in 2024.
Dangote disclosed President Tinubu’s recent visit to his refinery in Lagos on Thursday, June 5, 2025.
He said the huge tax payment has thrown up his group of companies as the highest tax-paying company in Nigeria.
With this significant tax payment, Dangote companies are contributing more in taxes than all the country’s banks combined.
Dangote also revealed that, despite paying N450 billion in taxes last year, the Group is committed to spending additional N900 billion on road infrastructure across Nigeria.
The Deep-Sea Port Access Road, he said, is one of several roads built and being developed by the Dangote Group under the Federal Government’s tax credit scheme.
According to Dangote, the Deep Sea Port Access Road is one of eight major road projects totalling 500 kilometres, including two in Borno State that will eventually link Nigeria to both Chad and Cameroon.
He praised President Tinubu’s leadership, describing him as a courageous leader whose administration has revived investors’ confidence in the private sector.
He also thanked the President for envisioning and implementing the Lekki Deep Sea Port project, assuring him of the private sector’s support for expanding infrastructure nationwide.
Dangote then revealed that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named Bola Ahmed Tinubu Road, in honour of President Bola Ahmed Tinubu.
“The Dangote refinery complex is, in many ways, your brainchild.
“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,” Dangote told the President.
Following the announcement, President Tinubu rose to shake hands with Dangote in a moment that drew applause from the dignitaries in attendance.
(vitalnewsngr.com
