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Taxes: Dangote Cement Plc pays N412.9 billion to the government in three years

05/09/2023
Source : ORISHAS FINANCE
Categories: Companies

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As a tax measure, Dangote Cement Plc, a subsidiary of Dangote Industries Limited (DIL), said it had paid a total of N412.9 billion into federal government coffers.

Dangote Cement Plc released a statement saying that this huge tax payment from only one of the conglomerate's subsidiaries reaffirms Aliko Dangote's position that prompt and accurate tax payment is a duty for anyone who wants to see real growth and development, saying that the government cannot offer social services to citizens without collecting taxes. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021, and N141.69 billion in 2022

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The group advised the government to automate the county's tax system, while welcoming the inauguration of the Presidential Committee on Tax Policy and Tax Reforms.

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