— lauds Ibese Plant as highest industrial tax – player
The Ogun State Internal Revenue Service ( O G I R S ) has formally commended Dangote Cement Ibese Plant for its outstanding commitment to tax – compliance and its consistent role as highest tax – paying Industrial Organisation in the State.
O G I R S while on familiarisation of the 12 mmtp Cement Plant in Ibese led by its Director, Field Operations, Mrs Oluwaseun Olajube praised the Company management’s dedication to fulfilling its civic obligations, noting that Dangote Cement Ibese Plant has set a benchmark for Corporate responsibility and financial transparency in Ogun State.
The agency also reaffirmed its commitment to strengthening partnerships with key stakeholders across Ogun State’s industrial sector, emphasising the importance of collaboration in driving growth and revenue generation.
Impressed by Dangote Cement, Ibese Plant’s tax credentials, Mrs. Olajube expressed satisfaction with the company and urged it not to drop its guard, while also seeking timely documentation, particularly with the Yewa North Zonal Office of the Service.
She expressed the Agency’s commitment to strengthening alliance with the Obese Plant in the spirit of transparency, accountability, and mutual benefit and reaffirmed its commitment to foster stronger partnerships in the state industrial sector.
The Revenue boss, stated, “Dangote Cement Ibese Plant continues to demonstrate excellence in tax compliance, and we are proud to acknowledge their contributions to the economic development of the State.
O G I R S reaffirmed its commitment to fostering a business – friendly environment that rewards transparency, and compliance, while, encouraging other companies to emulate the example set by Dangote Cement.
Receiving the Ogun State Internal Revenue Service – O G I R S’s team, Dangote Cement Ibese Plant Director, Mr. Ayyagari Subbaraidu expressed the management’s application to the Revenue Agency for the commitment and recognition demonstrated with the visit.
The recognition given to Dangote Cement, he said, was not just about numbers, it is about leadership, integrity, and the positive impact of responsible corporate citizens.
He said the revenue Agency’s praise underscores the importance of private sector collaboration in driving sustainable revenue generation and supporting public infrastructure and services. Subbaraidu said; “We recognise that tax revenue is the backbone of economic development of the States, and remain committed to upholding the principles of compliance, accountability and transparency in all all our engagements with Ministries Departments and Agencies of government.”
The visit marks a significant step in strengthening Public – Private Sector Synergy, aimed at driving sustainable development and economic growth in Ogun State.
Recall that the President and Chief Executive of Pan African Conglomerate, Dangote Industries Limited ( D I L ), Aliko Dangote had disclosed that the Group had paid over N 402 billion in taxes in 2024 to the government, making it the highest tax – payer in the country.
The disclosure came in the wake of series of award recently bestowed on the subsidiaries as Nigeria’s best compliant taxpayer business organisation in the foreign exchange market. Dangote Industries Limited was named Nigeria’s most tasx compliant business organisation, a development Dangote described as a testament for its unwavering commitment to fiscal responsibility and transparency.
Additionally, the company was honoured by F M D Q for its outstanding performance as the most active corporate entity in the foreign exchange market.
Federal Inland Revenue Service ( F I R S), the nation’s tax regulators had during its Special Day at the Lagos State International Trade Fair in 2024 adjudged Dangote Industries Limited as the most compliant taxpayers in Nigeria. Its subsidiary, Dangote Cement Plc; In another development emerged as the Largest Commercial Paper Quotation on F M D Q and Single Largest Debt Issue on F M D Q during its last GOLD award held in Lagos.
The F M D Q GOLD Awards, ( Global Competitiveness, Operational Excellence, Liquiding and Diversity), is a corporate tradition that recognises the resilience and agility of the Nigeria financial market participants.
The award acknowledges the valuable efforts of these stakeholders, while participation in the F M D Q market infrastructure value chain of F M D Q’s businesses Securities Exchange, Central Counterpart and Depository – have positively shaped the course of the markets and invariably impacted the development of the Nigerian economy.
