Tax: Nigerian Breweries paid N416b since 2016 – Board chair

The Chairman of Nigerian Breweries Plc has said that the company paid N416 billion since 2016 to become the highest tax-paying firm in the manufacturing industry in Nigeria.

Chief Kola Jamodu, who disclosed this during the commissioning ceremony of N56 billion expansion civil works at Ama Brewery on Wednesday, said the firm had equally paid N423.9 million in 2021 in employee taxes, levies and other duties to the Enugu State government.

Commending the Enugu State Governor, Ifeanyi Ugwuanyi, for positioning the state as an investment destination and creating a conducive environment for businesses, especially their business, to thrive, Jamodu noted that once the expansion was completed, “this project will make our biggest brewery even bigger.”

“As you join us for what is a significant milestone for our business, I hope you will take out time to tour our brewery and see our world-class facilities first-hand. These are some of the machinery, equipment and lines that have kept us at the forefront of the beverage sector as Nigeria’s biggest brewer since 1946.

“We cannot take the credit for this alone. We have enjoyed the support of the Federal Government as well as the various state governments where our breweries are located.

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“On this note, I wish to thank His Excellency, Governor Ifeanyi Ugwuanyi, for your efforts in positioning the state as an investment destination and creating a conducive environment for businesses like ours to thrive.

“Indeed, our partnership with the state government has seen us invest hundreds of millions of naira in various community projects and social investment initiatives in the areas of health, education, community infrastructure and sports development.”

The Board chairman, however, explained that the expansion project would be executed in two phases, adding that the first phase would be completed in 2022 in full compliance with the international environmental and safety standards.

“Brewery capacity to be boosted from 3.0 million hectolitres to 4.8 million hectolitres in the first phase, and to 5.3 million hectolitres in the second phase.

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

He added, “Today, we have 840 staff who contribute to the growth of Enugu State via tax payments and other levies.”