…lauds function as highest industrial taxpayer
The Ogun State Internal Revenue Service (OGIRS) has formally counseled Dangote Cement Ibese Plant for its excellent dedication to tax compliance and its constant function as the very best tax-paying industrial organisation within the state.
OGIRS whereas on a familiarisation tour of the 12mmtp Cement Plant in Ibese led by its Director, Field Operations, Mrs. Oluwaseun Olajube praised the corporate administration’s dedication to fulfilling its civic obligations, noting that Dangote Cement Ibese Plant has set a benchmark for company duty and {financial} transparency in Ogun State.
The company additionally reaffirmed its dedication to strengthening partnerships with key stakeholders throughout Ogun State’s industrial sector, emphasising the significance of collaboration in driving sustainable {economic} progress and income technology.
Impressed by Dangote Cement, Ibese Plant’s tax credentials, Mrs. Olajube expressed satisfaction with the Company and urged it to not drop its guard, whereas additionally in search of well timed documentation in addition to enhanced collaboration, significantly with the Yewa North Zonal Office of the Service.
She expressed the Agency’s dedication to strengthening alliance with the Ibese Plant within the spirit of transparency, accountability, and mutual profit and reaffirmed its dedication to fostering stronger partnerships with key stakeholders within the state’s industrial sector.
The Revenue Service boss acknowledged, “Dangote Cement Ibese Plant continues to demonstrate excellence in tax compliance, and we are proud to acknowledge their contribution to the economic development of our state.”
OGIRS reaffirmed its dedication to fostering a business-friendly surroundings that rewards transparency and compliance, whereas encouraging different firms to emulate the instance set by Dangote Cement.
Receiving the OGIRS workforce, Dangote Cement Ibese Plant Director, Mr. Ayyagari Subbaraidu, expressed the administration’s appreciation to the Revenue Agency for the dedication and recognition demonstrated with the go to.
The recognition give to Dangote Cement, he mentioned, was not nearly numbers – “it is about leadership, integrity, and the positive impact of responsible corporate citizenship,”
He mentioned the income Agency’s reward from the underscored the significance of personal sector collaboration in driving sustainable income technology and supporting public infrastructure and companies.
Subbaraidu mentioned; “We recognise that tax revenue is the backbone of economic development of States and remain committed to upholding the principles of compliance, accountability, and transparency in all our engagements with Ministries, Departments and Agencies of government.”
The go to marks a major step in strengthening public-private sector synergy geared toward driving sustainable improvement and {economic} progress in Ogun State.
Recall that the President and Chief Executive of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote had disclosed that the Group had paid over N402 billion in taxes in 2024 to the federal government, making it the very best taxpayer within the nation.
The disclosure got here within the wake of collection of award not too long ago bestowed on the Company and its subsidiaries as Nigeria’s finest compliant taxpayer enterprise organisation and FMDQ Gold award winner for being essentially the most lively company organisation within the international trade market.
The DIL was named Nigeria’s most tax-compliant enterprise organisation, a improvement Dangote described as a testomony to its unwavering dedication to fiscal duty and transparency. Additionally, the corporate was honoured by FMDQ for its excellent efficiency as essentially the most lively company entity within the international trade market.
Federal Inland Revenue Service (FIRS), the nation’s tax regulators had throughout its Special Day at Lagos International Trade honest in 2024 adjudged Dangote Industries Limited as essentially the most compliant taxpayers in Nigeria.
Its subsidiary, Dangote Cement Plc., in one other improvement emerged because the Largest Commercial Paper Quotation on FMDQ and Single Largest Corporate Debt Issue on FMDQ throughout its final GOLD award held in Lagos.
The FMDQ GOLD Awards, (Global Competitiveness, Operational Excellence, Liquidity and Diversity), is a company custom that recognises the resilience and agility of the Nigerian {financial} markets’ contributors.
The award acknowledges the precious efforts of those stakeholders, whose participation within the FMDQ markets and throughout the {financial} market infrastructure worth chain of FMDQ’s companies – Securities Exchange, Central Counterparty and Depository – have positively formed the course of the markets and invariably impacted the event of the Nigerian financial system.
