By Deborah Hassan
365Daily – The Nigerian National Petroleum Company (NNPC) Ltd has emerged as the Federal Inland Revenue Service (FIRS)’s overall best tax paying company in Nigeria.
The FIRS said the NNPC clinched the award for its overall commitment to tax reforms support to the company, broader reforms in beneficial ownership disclosure and transparency by the NNPC in line with the recent Petroleum Industry Act (PIA).
Commenting further on the feat, Executive Chairman of FIRS, Mr. Mohammed Nami, who was represented by his deputy, stated that tax revenue generation is an apolitical issue while calling for all hands to be on deck to support the tax system and make it function efficiently while highlighting that the revenue profile of the country in 2021, showed that the FIRS had contributed a monthly average of 59.45 per cent of revenue shared by the Federation Account Allocation Committee (FAAC).
Receiving the award on behalf of the company at NNPC Towers, Abuja, the Board Chairman of NNPC Ltd, Sen. Lady Margery Chuba Okadigbo expressed her delight over this milestone feat, saying that the award as the best tax paying company in the country is a reflection of the company’s professionally driven deliberate policies on transparency, probity and accountability, as a socially responsible entity, stressing that the NNPC would continue to embark on policies which will add value to the society and remain committed to touching lives in many positive ways.
The highlight of the occasion was the presentation of the award by FIRS to the NNPC Ltd Board Chairman, Sen. Lady Margery Chuba-Okadigbo flanked by Mallam Mele Kyari, the NNPC Ltd GMD/CEO among others.