The main road leading to the Dangote Petroleum Refinery and Petrochemicals has been renamed after President Bola Tinubu.
This information was disclosed by the owner of the oil facility based in Lagos, Mr Aliko Dangote, with Mr Tinubu rising to shake hands with the businessman in a moment that drew applause from the dignitaries in attendance.
The richest man in Africa explained that the gesture was in honour of the President for his support for the company and his bold economic reforms.
“The Dangote refinery complex is, in many ways, your brainchild. 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,” he declared.
Mr Dangote used the occasion to reveal that his group of companies paid N450 billion in taxes to the federal government’s coffers in 2024, thereby making it the highest tax-paying company in Nigeria.
With this significant tax payment, Dangote companies are contributing more in taxes than all the country’s banks combined.
Mr Dangote also revealed that, despite paying N450 billion in taxes last year, the group is committed to spending additional 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.
According to him, the Deep Sea Port Access Road is “one of eight major road projects totalling 500 kilometres, including two in Borno State that will eventually link Nigeria to both Chad and Cameroon.”
He praised President Tinubu’s leadership, describing him as a courageous leader whose administration has revived investor confidence in the private sector.
He also thanked the President for envisioning and implementing the Lekki Deep Sea Port project and assured him of the private sector’s support for expanding infrastructure nationwide.