By DAYO ADESULU
In a recent meeting with President Bola Tinubu, Aliko Dangote, the President of the Dangote Group, announced that his conglomerate contributed an impressive N450 billion in taxes to the Federal Government in 2024. This substantial contribution establishes Dangote Group as the highest tax-paying entity in Nigeria, surpassing the combined tax contributions of all the country’s banks.
Despite this significant tax payment, Dangote emphasized the Group’s dedication to furthering national infrastructure development, with plans to invest an additional N900 billion in road projects across Nigeria.
Among these initiatives is the Deep-Sea Port Access Road, which is part of a broader effort by the Dangote Group to enhance transportation infrastructure under the Federal Government’s tax credit scheme.
Dangote described the Deep-Sea Port Access Road as “one of eight major road projects totaling 500 kilometers,” including two critical routes in Borno State that aim to connect Nigeria more effectively with neighboring Chad and Cameroon.
During the meeting, Dangote commended President Tinubu’s leadership, highlighting his efforts in restoring investor confidence within the private sector. He expressed gratitude for the President’s vision and execution of the Lekki Deep Sea Port project, assuring him of the private sector’s continued support for nationwide infrastructure expansion.
In a gesture of appreciation, Dangote announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named Bola Ahmed Tinubu Road, honouring the President’s contributions to the nation’s industrial growth.
“The Dangote refinery complex is, in many ways, your brainchild,” Dangote stated, recognising President Tinubu’s pivotal role in the project. He declared, “The main road leading into our refinery is now to be known as Bola Ahmed Tinubu Road.”
The announcement was met with applause from the attendees, as President Tinubu rose to shake hands with Dangote, marking a moment of unity and appreciation for their shared vision for Nigeria’s economic advancement.
Photo Caption: L-R; His Excellency President Federal Republic of Nigeria; Bola Hamed Tinubu; President / CEO, Dangote Industries Ltd; Aliko Dangote; Chairman First Bank, Femi Otedola; Executive Chairman of the Federal Inland Revenue Service (FIRS); Zaccheus Adedeji; During President Tinubu’s Visit to Dangote Refinery and Petrochemicals Plant Lekki on Thursday 5th June 2025.
