Must Read
The President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a staggering N450 billion in taxes into the Federal Government’s coffers in 2024, making it the highest tax-paying company in Nigeria. According to Dangote, his companies’ tax payments exceed those of all the country’s banks combined.
Dangote also revealed that, despite paying N450 billion in taxes last year, the Group is committed to spending an additional N900 billion on road infrastructure across Nigeria. He said the Deep Sea Port Access Road 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 Chad and Cameroon.”
He praised President Tinubu’s leadership, describing him as a courageous leader whose administration has revived investor confidence in the private sector.
Dangote also thanked the President for envisioning and implementing the Lekki Deep Sea Port project, and he assured him of the private sector’s continued support for expanding infrastructure nationwide.
He then revealed that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals would be named Bola Ahmed Tinubu Road in honour of President Bola Ahmed Tinubu.
“The Dangote refinery complex is, in many ways, your brainchild,” Dangote told the President. “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.”
Following the announcement, President Tinubu rose to shake hands with Dangote in a moment that drew applause from the dignitaries in attendance.
