Dangote Group Tops Nigeria’s Tax Chart with ₦450 Billion Payment, Unveils ₦900 Billion Road Investment Plan
June 7, 2025 | Lagos, Nigeria
In a major show of corporate commitment to national development, Aliko Dangote, President of the Dangote Group, revealed to President Bola Ahmed Tinubu that his conglomerate paid a record-breaking ₦450 billion in taxes to the Federal Government in 2024—making it the highest tax-paying private entity in the country.
The revelation came during President Tinubu’s recent visit to the Dangote Petroleum Refinery and Petrochemicals Plant in Lekki, Lagos, on June 5, 2025. Dangote highlighted the staggering tax figure while reiterating the Group’s ongoing investment in critical infrastructure.
“We paid ₦450 billion in taxes last year alone, and this makes us the largest tax-paying private company in Nigeria—more than all the banks in the country combined,” Dangote told the President.
₦900 Billion for Nigerian Roads
Even more impressively, Dangote disclosed that the Group has committed to investing an additional ₦900 billion in the construction and rehabilitation of roads across Nigeria. This investment falls under the Federal Government’s tax credit scheme, allowing corporations to build infrastructure in exchange for tax deductions.
One of the most prominent examples of this partnership is the newly completed 37km Lekki Deep Seaport Access Road, commissioned by President Tinubu during his tour. The access road, according to Dangote, is just one of eight major road projects currently being executed by the Group, covering a combined 500 kilometers.
“We have two projects in Borno State alone that will eventually link Nigeria to Chad and Cameroon,” he said.
Honouring Tinubu: A Road Named in His Honour
In a symbolic tribute during the visit, Aliko Dangote announced that the main road leading to the Dangote Refinery complex will be named “Bola Ahmed Tinubu Road,” recognizing the President’s role in supporting the project and his broader infrastructure vision.
“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.”
The announcement was met with applause from government officials and dignitaries present. President Tinubu responded by standing and shaking hands with Dangote, marking a moment of mutual recognition and appreciation.
A Boost for Public-Private Partnership
Dangote also used the occasion to commend President Tinubu’s leadership, describing him as a “courageous leader” who has helped restore investor confidence in Nigeria’s private sector.
“We thank you for implementing the vision of the Lekki Deep Sea Port and for your bold economic reforms,” Dangote said. “You’ve shown that with the right leadership, the private sector can be a driving force for national development.”
The visit was attended by key industry leaders and government officials, including Femi Otedola, Chairman of First Bank; Abdul Samad Rabiu, Chairman of BUA Group; Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS); and Olu Verheijen, Special Adviser to the President on Energy.
As Nigeria continues its push for economic revitalization through industrial growth and infrastructure expansion, the Dangote Group’s contributions—both in taxes and tangible development—are setting a high bar for corporate responsibility in the country.
