Mr. Oladele Bankole-Balogun, the Executive Chairman of the Edo Internal Revenue Service (EIRS), has praised NNPC E&P Ltd. for its significant contributions to the state’s Internally Generated Revenue (IGR).
This acknowledgment came during a recent courtesy visit to Mr. Bello Nura, Executive Director of Finance at NNPC E&P Ltd., held at the company’s corporate headquarters in Benin.
During the visit, Bankole-Balogun emphasized the critical role that both individuals and corporate entities play in supporting the financial landscape of sub-national governments. He noted that such contributions are essential for ensuring that the government can meet its obligations to its citizens.
“The Edo Government is intent on transforming the state through Governor Monday Okpebholo’s five-point agenda, which focuses on security, health, infrastructure, education, and agriculture,” Bankole-Balogun stated. “The successful realization of this agenda is contingent upon the tax contributions from residents, employees, and businesses.”
Furthermore, he urged NNPC E&P Ltd. to maintain full compliance with tax obligations, particularly regarding any outstanding liabilities.
In response, Mr. Nura reassured the EIRS chairman that NNPC E&P is diligent in meeting its tax responsibilities. “We have been paying taxes. We will not owe the Edo Government in terms of tax commitments. Additionally, as a responsible corporate entity, we are committed to our corporate social responsibilities (CSR) to support government initiatives, recognizing that the government cannot operate in isolation,” Nura remarked.
