The Dangote Industries Restricted (Dangote Group) has disclosed that it paid over N402 billion in taxes in 2024, reaffirming its standing as the best taxpayer in Nigeria.
Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, made this identified throughout an interactive session with senior media executives at his Lagos workplace.
He said that Dangote Industries Restricted (DIL) and its subsidiaries, together with Dangote Cement, NASCON, and Dangote Packaging Restricted, collectively remitted a complete of N402.319 billion in taxes for the 12 months below assessment.
The Federal Inland Income Service (FIRS), Nigeria’s apex tax authority, had earlier in 2024 acknowledged DIL and its subsidiary, Bluestar Delivery, as probably the most tax-compliant organizations within the nation.
The popularity was conferred throughout the FIRS Particular Day on the 2024 Lagos Worldwide Commerce Truthful, organized by the Lagos Chamber of Commerce and Trade (LCCI).
The FIRS performs an important position in assessing, gathering, and accounting for tax and different revenues accruing to the Federal Authorities of Nigeria. Dangote Group’s constant tax remittances spotlight its dedication to fiscal accountability and financial growth in Nigeria.
Dedication to Company Accountability
Talking on the session, Chiejina emphasised that DIL and its subsidiaries have remained unwavering in fulfilling their obligations to each the federal government and their host communities. Past tax compliance, the conglomerate has considerably contributed to Company Social Accountability (CSR) initiatives, reinforcing its position as a accountable company citizen.
In response to Chiejina, “As a accountable enterprise entity, the Dangote Group ensures well timed and full tax remittance in any respect ranges of presidency. We additionally prioritize group engagement and social influence initiatives, furthering our dedication to nationwide growth.”
Driving Financial Development and Industrial Self-Sufficiency
During the last 4 a long time, Dangote Group has developed from a buying and selling firm into a producing big, diversifying into varied sectors comparable to cement manufacturing, sugar refining, and petroleum refining. The corporate has performed a pivotal position in making Nigeria self-sufficient in cement manufacturing and refined petroleum merchandise, whereas additionally increasing its operations throughout Africa.
Trade Management and Accolades
Dangote Group’s excellent tax compliance file is complemented by a number of trade accolades. On the FMDQ Gold Awards in Lagos, its subsidiary, Dangote Cement Plc, received three prestigious awards, recognizing its management in Nigeria’s monetary markets.
Dangote Cement was awarded:
- Most Energetic Enterprise within the International Trade Market
- Largest Business Paper Citation on FMDQ
- Single Largest Company Debt Concern on FMDQ
Moreover, Dangote Industries Restricted emerged because the Most Energetic Company within the International Trade Market, reinforcing its affect in Nigeria’s financial panorama.
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