Nigerian Government received a total of N450 billion in taxes from Dangote Group, last year.
Chairman of the Dangote Group, Aliko Dangote, said that despite such huge payment, the Group is committed to spending N900 billion on road infrastructure across Nigeria.
The Deep Sea Port Access Road, he said, is one of several roads built and being developed by the Dangote Group under the Federal Government’s tax credit scheme adding that Dangote Group is currently the highest tax-paying company in Nigeria, contributing more in taxes than all the country’s banks combined.
Dangote disclosed this on Thursday during President Tinubu’s tour of the Dangote Petroleum Refinery and Petrochemicals, which coincided with the official commissioning of the Deep Sea Port Access Road.
He also announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named Bola Ahmed Tinubu Road, in honour of President Bola Ahmed Tinubu.
Dangote hailed Tinubu for his unwavering support of the private sector and credited him as the visionary behind the Free Trade Zone during his tenure as Governor of Lagos State.
“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.