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NB pays over N416b taxes in six years

By Lawrence Njoku, Enugu
29 April 2022   |   3:59 am
Nigerian Breweries Plc has restated its commitment to the support country’s economy, saying it has paid over N416 billion in tax in the last six years.

Nigerian Breweries Plc has restated its commitment to the support country’s economy, saying it has paid over N416 billion in tax in the last six years.

Explaining that the company ranks as the highest tax-paying manufacturing firm in the country, the company said it has also provided employment; offered educational support services and maintained the lead in the beverage sector.

Chairman of the company, Kola Jamodu, disclosed this during the commissioning of the N56 billion expansion works at its AMA Brewery, Enugu, yesterday.

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

He explained that the expansion works were part of the contribution of the company to the growth of the economy, job generation and investment in human capital.

“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.