The British American Tobacco Nigeria (BATN) says it has contributed N415 billion in taxes and levies between 2018 and 2023.
In a statement to celebrate the company’s 20th anniversary of its technologically advanced Ibadan factory, it stated that it is crucial to recognize BAT Nigeria’s contributions to the Nigerian economic landscape as well as its ESG achievements.
“This signifies two decades of unwavering dedication to sustainability, innovation, economic growth, and responsible corporate citizenship.
“BATN’s commitment to sustainability goes beyond mere words. Established in 2004, well ahead of the global sustainability movement, the Ibadan factory embodies a vision for the future.”
It stated that with energy-efficient design and a substantial 1.4 MW solar panel system, the company demonstrated a proactive approach to reducing its carbon footprint.
“BATN’s journey in Nigeria is marked by milestones that speak volumes about its dedication to the country. The acquisition of NTC PLC in 2000 solidified the company’s presence, while the 2001 Memorandum of Understanding with the federal government paved the way for collaborative efforts.
“This partnership resulted in the commissioning of the $185 million state-of-the-art Ibadan Factory in 2003, a testament to the mutual benefits of cooperation.”
It said the company’s investments have a ripple effect, strengthening the Nigerian economy while the $30 million investment by third-party supplier NAMPAK SA is just one example.
It said its export operations, launched in 2006, stand as another significant contribution.
“The company has become a market leader, consistently ranking among the top 10 non-oil exporters, generating over $110 million annually in foreign exchange. This not only diversifies Nigeria’s export revenue but also positions the nation as a key player in the West African market. The company’s reach extends beyond the region, with exports to 11 West and Central African countries, and even the United States.”
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