The Nigerian Breweries Plc has paid ₦416 billion in taxes since 2016, making it the highest-paying firm in Nigeria’s manufacturing industry, according to Chief Kola Jamodu, Chairman of the Board of Directors.
Jamodu stated this during the commissioning ceremony of the ₦56 billion expansion civil works at Ama Brewery on Wednesday, adding that the company paid the Enugu State government ₦423.9 million in employee taxes, levies, and other duties in 2021.
He praised Enugu State Governor Ifeanyi Ugwuanyi for positioning the state as an investment destination and creating a conducive environment for businesses, particularly theirs, to thrive, and stated that once 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, on the other hand, explained that the expansion project would be carried out in two stages, the first of which would be completed in 2022 in full compliance with 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 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”.
