NB ranks top in tax payment, pays over N416b taxes in six years

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Nigerian Breweries Plc (NB) has announced that the leading brewery industry in the country has paid over N416 billion in tax in the last six years.

The Brewery firm, noted that it ranks as the highest tax paying company in the country, the company also said it has supported the country’s economy development through job creation, educational supports and other corporate social responsibilities.

This was disclosed by the Chairman of the company, Kola Jamodu, while commissioning  the N56 billion expansion works at its AMA Brewery, Enugu.

Jamodu also reveals that the firm had equally paid N424 million in 2021 in employee taxes, levies and other duties to the Enugu State government.

According to the chairman, the firm’s plans to expand its production capacity, are part of its contribution to boost job creation, investing in human capital and which will in turn  lead to a strong economy growth of the state and Nigeria.

He said, “It is also to boost the brewery’s capacity from 3 million hectoliters to 4.8 million hectoliters in the first phase and 5.3 million hectoliters in the second phase.

“The impact of the expansion will lead to improved revenue and increased economic activities in the state”, he noted.

Meanwhile, the president of Manufacturers Association of Nigeria, Mansur Ahmed, represented by the Director General of the association, Segun Ajayi-Kadir, commended the Nigerian Breweries Plc for their resourcefulness in the manufacturing industry in the country, noting that AmA Brewery has become the most modern in the West African sub-region.

He noted that the expansion project came at a time when virtually all macroeconomic indices were heading south.

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