Dangote companies pay N104.74 billion in taxes in 9 months

Nigeria's Dangote companies collectively paid N104.74 billion in taxes over the nine months culminating in September 30, 2026, according to their financial disclosures. This sum marked a 15.5% decrease from the N123.97 billion reported in the same period a year prior, chiefly due to reduced tax payments from Dangote Cement. The company contributed the majority, accounting for approximately 93.3% of the total at N97.74 billion.

NASCON Allied Industries reported a modest increase in cash tax payments to N7 billion, representing 6.7% of the combined total. The remaining companies, Dangote Sugar Refinery and Dangote Petroleum Refinery, did not disclose tax payment figures for the nine-month period, and thus were not included in the aggregate. The figures represent actual cash tax payments rather than tax expenses recognized in the companies' income statements.

Dangote Cement's tax payments remained the largest among the reviewed entities, with N97.74 billion paid during the first nine months of 2026. Tax expenses, which include both current and deferred tax charges, may differ from cash tax payments, which reflect amounts settled during the reporting period. NASCON Allied Industries saw a 34.7% increase in cash tax payments to N7 billion, despite a decline in overall cash tax payments.

Dangote Sugar Refinery reported a higher tax expense of N3.93 billion, more than double the N1.87 billion paid in the corresponding period of 2025. Meanwhile, Dangote Petroleum Refinery disclosed a tax expense of N392.84 billion for the nine-month period in 2026. The reports noted that Dangote Cement's pre-tax profit rose by 41.5% to N1.47 trillion in the first nine months of 2026, while revenue increased by 19.6% to N3.77 trillion.

Despite the decline in cash taxes paid, the company's income tax expense increased by 67.2% to N497.71 billion. Dangote is also preparing for the next generation of leadership within his industrial businesses, with his three daughters, Mariya, Halima, and Fatima, set to assume greater responsibilities as part of his succession plans.