The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries that is run by the Nigerian National Petroleum Corporation (NNPC), is one of the highest tax payers to the government of Kaduna State, Mr. Nasir el-Rufai, the state governor has said. According to el-Rufai, the refinery which capacity utilization remained at zero for most parts of the months in 2018, and was not refining crude oil despite receiving the commodity from its parent body, the NNPC, pays the state its taxes regularly.
The governor in a statement from the NNPC yesterday in Abuja disclosed this to the corporation’s Group Managing Director, Dr. Maikanti Baru, during a courtesy call on him, he however did not disclose the type of tax the unprofitable refinery pays to the state. The NNPC’s monthly operations and financial report for December 2018, indicated that besides a profit of N2.957.33 billion recorded by the Kaduna Refinery in April 2018, all other months, it made losses. Notwithstanding, el-Rufai, said it paid its taxes promptly. He was also quoted to have stated in the statement signed by NNPC’s Group General Manager Public Affairs Division, Mr. Ndu Ughamadu, that the state would support the NNPC to build its Abuja-Kaduna-Kano (AKK) gas pipeline project. The governor described the AKK gas line project as a very important one to Kaduna, noting that the people of Kaduna were happy it would support the state’s power demands.
Source: bizwatchnigeria
