By Sabiu Abdullahi
Three subsidiaries of the Dangote Group, namely Dangote Sugar, Dangote Cement, and Dangote Salt, have contributed immensely to the nation’s revenue.
Hashem Ahmed, an official representative of the Dangote Group, made this revelation at the 18th Abuja International Trade Fair’s opening ceremony, held on Thursday.
Speaking on the fair’s theme, ‘Sustainable financing and taxation as drivers of the new economy,’ Ahmed highlighted the Dangote Group’s significant role as a major contributor to the country’s economy.
He disclosed that over the course of three years, the aforementioned subsidiaries of the Dangote Group had paid a staggering total of N474 billion as taxes to the Federal Government.
“As you may be aware, apart from being the highest employer of labor in the private sector, the Dangote Group is also the biggest taxpayer,” Ahmed stated.
“In just three years, Dangote subsidiaries paid a staggering N474 billion to the Federal Government. These are Dangote Sugar, Dangote Cement, and Dangote Salt, combined.”
Ahmed further emphasised that this substantial financial contribution was part of the Dangote Group’s ongoing support for the nation.
He highlighted the group’s various initiatives, including empowerment and skill acquisition programmes, corporate social responsibility initiatives, sponsorships, and philanthropic schemes, all of which amounted to several billions of naira.
The Dangote Group expressed satisfaction with the Federal Government’s efforts in implementing a tax reform policy. This policy is expected to broaden the tax net and provide essential financing for the development of the country’s infrastructure.
The group sees this as a positive step towards sustainable economic growth and development for Nigeria. The significant tax payment by Dangote Group’s subsidiaries not only showcases their financial robustness but also underscores their commitment to supporting the country’s development agenda.
This contribution is anticipated to play a crucial role in the realisation of various national projects and initiatives aimed at enhancing the quality of life for all Nigerians.