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Dangote named most tax complaint business organizations by FIRS

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L- R, Dangote Ports Managing Director, Akin Omole, Dangote Industries ltd, Group Head, Strategic Tax & Compliance, Dr.Titilayo Fowokan, receiving the Federal Inland Revenue Service(FIRS)’s Most Compliant Taxpayer Award from the FIRS Director, Tax Payers Service Department, Dr. Loveth Onanuga; FIRS Tax Controller Large Taxpayers Office, Ikeja Lagos, Abisola Olabiyi; FIRS State Administration Lagos Mainland, Ishola Akingbade,at the presentation of the award in Lagos at the weekend.

It was a season of award at the weekend for the Dangote Group and its subsidiaries following their recognition as best Nigeria’s best compliant tax payer business organization and FMDQ Gold award winner for being the most active corporate organization in the foreign exchange market.

Dangote Indusries Limited (DIL) and Bluestar Shipping, a subsidiary, were recognized as the most compliant in tax payment in the country ahead of the MTN Communication while the country’s leading cement manufacturer, Dangote Cement Plc at another occasion won three awards at the FMDQ Gold Awards held in Lagos.

During the Special Day of the Federal Inland Revenue Service (FIRS) at the just concluded Lagos International Trade Fair, the nation’s tax regulators adjudged Dangote Industries Limited as the most compliant taxpayers in Nigeria.

In another development, Dangote Cement Plc emerged as the Largest Commercial Paper Quotation on FMDQ and Single Largest Corporate Debt Issue on FMDQ. Dangote Industries Ltd also emerged as the “Most active corporate in the foreign exchange market”.

The FMDQ GOLD Awards, (Global Competitiveness, Operational Excellence, Liquidity and Diversity), is a corporate tradition that recognises the resilience and agility of the Nigerian financial markets’ participants.

The award acknowledges the valuable efforts of these stakeholders, whose participation in the FMDQ markets and across the financial market infrastructure value chain of FMDQ’s businesses – Securities Exchange, Central Counterparty and Depository – have positively shaped the course of the markets and invariably impacted the development of the Nigerian economy.

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Two companies from the Dangote stable, Dangote Cement and Blue Star Shipping were recognised at the weekend by the Federal Inland Revenue Service (FIRS) as being among the most compliant taxpayers. As part of its Special Day activities at the 2024 Lagos International Trade Fair, the FIRS celebrated several business organisations for their high levels of tax compliance.

Dangote Cement was recognised in the biggest taxpayer category in the part of the programme tagged “FIRS compliant taxpayers awards and recognition”. Several speakers at the event including FIRS State Administration Lagos Mainland, Ishola Akingbade, who represented the Chairman of FIRS commended these companies for their high levels of compliance which makes tax administration easy.

Head of Tax Compliance at Dangote Industries Ltd, Dr. Titi Fowokan speaking on the journey leading to the recognition by FIRS  stated that “Dangote as a Group has a Tax Policy that is based on zero tolerance for tax non-compliance. As good corporate citizens, we comply with all relevant laws, including tax laws. Also, complying with the tax payment statutory deadlines ensures that we do not fall foul of the law, which stipulates penalties for non-compliance.”

We pride ourselves in the Dangote Brand and seek to promote a tax compliance culture, which demonstrates our corporate responsibility to the government for the provision of public goods and services for the citizens”, she added.

Fowokan explained that the company as part of steps to achieve compliance maintained its best practice tax governance culture, ensured ⁠accurate tax computation and timely remittance to avoid penalties & interest arising from tax compliance defaults. She affirmed that these steps helped to minimise tax audit risks & avoid incidence of tax litigations.

Dangote Industries Limited (Dangote Group) is one of Africa’s largest industrial conglomerates. It is a diversified and fully integrated conglomerate. It has been a key investor in the Nigerian economy. The Group’s interests include cement, sugar, salt, fertiliser, agriculture, transport, packaging and real estate, the oil and gas, petrochemical, and steel sectors of the economy.

The core business focus of the Group, which started operations in 1978, is to provide local, value-added products and services that meet the ‘basic needs’ of the populace. Through the construction and operation of large-scale manufacturing facilities in Nigeria and across 17 other African countries, Dangote Group is focused on building local manufacturing capacity to generate employment, prevent capital flight and provide locally produced goods for the people.

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Special Report:Fuel Hike and the Weight of Distant Wars

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By Yusuf Danjuma Yunusa

The faint hum of generators, once the relentless backdrop of life in the heart of its place, a heavier quiet has settled—born of grim resignation as the ripple effects of a distant geopolitical storm crash onto the wallets of ordinary Nigerians.

Here in Mararaba, the complaint is not just about the new numbers on the fuel pump. It is about the arithmetic of survival that no longer adds up. The latest hike in the price of Premium Motor Spirit (PMS), which dealers attribute to the escalating crisis in the Middle East—a conflict many here note involves the United States, Israel, and Iran—has plunged residents into familiar but increasingly unbearable hardship.

To understand the human weight of this policy, I took to the streets and queues of Mararaba, annex to the Federal Capital Territory, to speak with those who feel they are paying the price for a war thousands of miles away.

At a crowded NNPC filling station in Nyanya, where the queue of vehicles stretched nearly a kilometer under the harsh sun, I met Nasir, a commercial bus driver. He leaned against his battered Korope bus, wiping sweat from his brow, watching the attendant update the price board.

“Look at this,” Nasir said, his voice a mix of anger and exhaustion. “Just last week, I was managing. Now they tell us because there is war between Israel and Iran, and because America supports Israel, the price must go up again. What does that have to do with us in Abuja?”

Nasir’s math is simple but devastating. “I used to buy fuel here for around N700. Now we are pushing N1,000 and above, and they say it might go to N1,500 if the crisis continues. My transport fare? If I double it, my passengers—civil servants, traders, students—cannot pay. If I don’t, I go home with nothing. The politicians in America and Israel are fighting a war with our stomachs.”

His lament echoes the reality of transport inflation, which has spiked dramatically since the removal of subsidies, now worsened by global tensions.

Across town on Abacha Road, at a modern but nearly empty restaurant, I found Yakubu, a small business owner who runs a catering service. For him, the fuel hike is a “tax” on everything he buys.

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“It is a chain. I cook with gas, but the price of gas goes up because the dollar is high and the market fears the war. I transport food to clients, but fuel for my van is now this much,” he said, snapping his fingers. “The government tells us it is ‘market forces’ and the war in the Middle East. I am not a fool. I know the Middle East is unstable because of the US and its allies. But why is Nigeria’s economy tied so tightly to their conflicts? Why are we still importing fuel when we have refineries? We are suffering for their wars and our leaders’ incompetence.”

At Mararaba market, the complaints are less about geopolitics and more about the immediate struggle to fill a pot. Anwar, a tailor, sat idle at his sewing machine. The shop beside him, a provisions store, was dark.

“My neighbor cannot afford to run his generator today,” Anwar said, gesturing to the dark shop. “He sells cold drinks and water. If he has no light, he has no business. If he uses a generator, his profit is gone because diesel is over N1,000 in some places. This is the reality. America, Israel, and Iran are fighting, and my neighbor loses his livelihood.”

The sentiment is backed by data. According to a recent NOIPolls report, 85% of Nigerians disapprove of the fuel subsidy removal, and 93% believe the country is heading in the wrong direction. For people like Anwar, the official explanations ring hollow.

“They say it is deregulation, that it is global politics,” he continued, shaking his head. “I say it is abandonment. We are being buried alive by policies made in Washington and Tel Aviv, carried out by Abuja.”

The geopolitical angle is a particularly bitter pill to swallow. In a country already grappling with high living costs, the idea that a conflict far removed from Africa’s Sahel could dictate the price of commuting to work or powering a small clinic breeds deep resentment.

Ibrahim, a retiree and civil servant, sat on his veranda in Angwa Katsinawa listening to the rare silence where generators once roared.

“Since 2023, when President Tinubu said ‘subsidy is gone,’ we have been on a rollercoaster to poverty. Now this war gives them the perfect excuse to finish us off. The government says the NNPC made this decision based on ‘market realities.’ What reality? The reality that America supports Israel, and Iran threatens retaliation? Why must my pension suffer for that?”

His frustration touches on a key point raised by experts: the escalating conflict threatens to push the subsidy burden—or the cost passed to consumers—past a staggering N644 billion monthly if oil prices spike.

As the sun set over Mararaba, taxis and buses were fewer on the roads. Many drivers, like Sadiq, a university graduate who drives for a ride-hailing app, simply parked for the day.

“I cannot make money if I spend all day in a fuel queue or if 70% of what I earn goes into the tank,” Sadiq said, scrolling through his phone, which showed a fraction of his usual earnings. “They talk about the crisis in the Middle East. But we have a crisis here. It is a crisis of hunger. Until the US, Israel, and Iran stop fighting, we suffer. Until our government decides to fix our refineries, we suffer. We are just pawns.”

As I left him, Sadiq called out, “Tell them we are tired. We are tired of paying for wars we did not start.”

It is a sentiment that hangs heavy in Nigeria’s air—a feeling of being trapped between the anvil of global politics and the hammer of local economic policy.

 

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CNG Expansion: Tinubu Orders 100,000 Kits to Ease Fuel Pain

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By Yusuf Danjuma Yunusa

President Bola Tinubu has ordered the urgent deployment of 100,000 Compressed Natural Gas (CNG) conversion kits within the next two to three weeks, aiming to mitigate the burden of soaring petrol and diesel prices on the Nigerian public.

Ismaeel Ahmed, the Executive Chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), disclosed this to State House correspondents on Tuesday following a briefing with the President in Abuja.

According to Ahmed, the directive was prompted by escalating global petroleum prices linked to the ongoing conflict in the Middle East, which has led to a sharp increase in domestic transportation costs.

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“The President is keenly monitoring global developments, particularly the situation in the Middle East and its direct impact on the rising cost of petrol and diesel here at home,” Ahmed stated. “He summoned this meeting to assess our progress at Pi-CNG and determine how we can rapidly scale up the availability of gas across the country to ensure Nigerians benefit from lower transportation costs.”

Ahmed revealed that Tinubu issued a firm mandate to accelerate the distribution of conversion kits, facilitating a widespread shift from traditional fuels to natural gas.

“Mr. President has given a clear directive for the immediate deployment of approximately 100,000 kits,” Ahmed said. “We are collaborating with a broad coalition of stakeholders to incentivize this process and push these kits into the market without delay. The goal is to convert a significant number of vehicles and tricycles, enabling more citizens to access and utilize gas.”

The Pi-CNG boss confirmed that the rollout is scheduled to begin within the next two to three weeks. He added that conversion centres across the country are expected to become highly active as the programme gains momentum.

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Just In:Governor Yusuf  Sacks Head of Service 

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Governor of Kano State, Alhaji Abba Kabir Yusuf, has relieved the State Head of Service, Alhaji Abdullahi Musa, of his appointment with immediate effect.

This was contained in a statement issued by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, on Tuesday evening.

The decision is part of the ongoing efforts by the present administration to reposition the state civil service for greater efficiency, discipline, and improved service delivery across all government institutions.

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Governor Yusuf expressed appreciation to the outgoing Head of Service for his contributions and dedication to the service of Kano State during his tenure.

“We wish him the best in his future endeavours and pray for his continued success in all aspects of life.”

The Governor also directed that Hajiya Bilkisu Shehu Maimota, the Permanent Secretary, Admin and General Services at the Cabinet Office, to serve in acting capacity pending the appointment of a substantive Head of Service.

By this announcement, the outgoing Head of Service is directed to handover the affairs of the office to the Ag. Head of Service latest tomorrow, Wednesday 11th March, 2026

 

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