Presco Plc has been rated high amongst the tax remitting institutions/organization in Edo State.
The Executive Chairman of Edo State Internal Revenue Service (EIRS), Chief Oseni Elamah made the assertion when he played host to the Managing Director of the company, Mr Felix Nwabuko who led other top management team on a courtesy visit to the Executive Chairman at the EIRS Corporate headquarters in Benin City.
The Executive Chairman, who specifically expressed his satisfaction over the company’s regular remittance of its taxes, he said Presco’s presence in Edo was not all about business relationship between it and the state alone but the place it (Presco) has come to occupy in the internally generated revenue/tax administration in the state.
He specifically cited the mutual relationship between EIRS and Presco Plc as that which earned it the Best Tax friendly state in Nigeria by the Manufacturers Association of Nigeria (MAN).
He said the state places premium on creating a tax friendly environment that will guarantee openness innovation, transparency, accountability and professionalism.
He charged the MD to sustain the tempo as the company could be used to test how best the local content policy can be upheld in Nigeria, especially as the nation is shifting policy from petroleum to agriculture.
“If Nigeria had managed her petroleum resources like you did with the palm, Nigeria would have done herself very good”, Elamah stated.
He acknowledged the company’s efforts in the areas of expansion, development as well as partnering with its host communities in view of creating job opportunities for the teaming youths.
He however assured the company of continuity in the cordial relationship between both parties.
Earlier, the Managing Director of Presco Plc, Mr. Felix Nwabuko acknowledged the existing relationship between the EIRS and his Company a situation he said had kept the company’s workability afloat.
He described the company as responsible, especially in terms of fulfilling its obligation to the state.
Mr. Nwabuko stated that the company had earlier discussed the issue of registration of its staff for the purpose of Taxpayer Identification Number (TIN) but could not be carried out as a result of the complexity in the company’s operations as majority of the workers usually resume their operations early and close late in far locations.
According to him, “because it was important for them to get registered, we wrote to the EIRS to kindly spare some time to come to our station so that we could assemble the workers for the registration which you gladly obliged us. So we came to thank you.”
He remarked further that “due to the large number of workers we have, we asked for extension and it was granted and today the thousands of workers we have, have been registered.”
He therefore assured that his company would continue to cherish the existing partnership between both parties.
