ECONOMIC IMPACT

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Economic
Through the increase of shareholder value, generation of employment, creation of business opportunities, payment of taxes to various levels of government as well as other linkage effects, the BSG is making enormous contributions to the economic development of Nigeria.
Social
To deliver on our propositions, both collectively and on an individual company basis, we engage numerous stakeholders through dialogue and other strategies to discuss our common interests, address expectations and explore ways of adding value to society through meeting the needs of identified stakeholders.
Environmental
As responsible citizens, we show great care in the preservation of the environment. We take steps to ensure that our environmental management systems are aligned to international standards. Our member companies’ operations are guided by these standards regarding sourcing, production, distribution and the ecosystem.
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Through the increase of shareholder value, generation of employment, creation of business opportunities, payment of taxes to various levels of government as well as other linkage effects, the BSG is making enormous contributions to the economic development of Nigeria.

Besides, our businesses support many ancillary industries whose survival depends upon our operations.

Among the organized private sector operators in Nigeria, BSG members play a key role in generating direct and indirect employment for the youth. Our member companies are consistent employers of labor in the country. We are committed to the engagement of workers; training, motivating and providing them opportunities to sharpen their skills, grow, and acquire experiences comparable to their peers globally.

The Economic Impact Assessment carried out by some of our members between 2016 and 2017 showed that our members supported over 300,000 jobs within the value chain. Collectively, we sustain revenue generation for over 70,000 sorghum farmers. We also provide indirect employment for suppliers, contractors, transporters, distributors, retailers and others.

 

The BSG continues to fulfil its obligatory roles through the payment of various taxes to the government. In 2017, over N13 billion was directly paid as taxes to the different tiers of government. Such taxes include:

Excise duty
Corporate tax
PAYE
VAT
Withholding and Education Taxes

 

Contributing to Economic Growth

Through the increase of shareholder value, generation of employment, creation of business opportunities, payment of taxes to various levels of government as well as other linkage effects, the BSG is making enormous contributions to the economic development of Nigeria.

Besides, our businesses support many ancillary industries whose survival depends upon our operations.

Employment

Among the organized private sector operators in Nigeria, BSG members play a key role in generating direct and indirect employment for the youth. Our member companies are consistent employers of labor in the country. We are committed to the engagement of workers; training, motivating and providing them opportunities to sharpen their skills, grow, and acquire experiences comparable to their peers globally.

The Economic Impact Assessment carried out by some of our members between 2016 and 2017 showed that our members supported over 300,000 jobs within the value chain. Collectively, we sustain revenue generation for over 70,000 sorghum farmers. We also provide indirect employment for suppliers, contractors, transporters, distributors, retailers and others.

Revenue to the Government

The Annual Reports and Financial Statements of member companies of the BSG as well as the Economic Impact Assessments carried out by some of them in 2017 revealed that the gross revenue generation was over N500 billion while the total value added within their value chains to the national economy amounted to over N440 billion and taxes paid stood at N13.5 billion.

Foreign Exchange Revenue

Some of our members earn foreign exchange through engaging in exports of locally brewed brands, which compete favorably with their foreign counterparts in over 7 countries including the United Kingdom and the United States of America.

Revenue Generated and Value Added

The BSG continues to fulfil its obligatory roles through the payment of various taxes to the government. In 2017, over N13 billion was directly paid as taxes to the different tiers of government. Such taxes include:

Excise duty
Corporate tax
PAYE
VAT
Withholding and Education Taxes

Capital Investments

In a bid to cater for growing demand and drive marketing and technical innovations to facilitate the satisfaction of changing consumer tastes and preferences, our members invest heavily in infrastructure and research.

In addition, investments in plant modernizations, expansions, installation of new packaging facilities, as well as research and development are priority for member companies. Our Individual company records reveal that over N75 billion was invested by BSG companies in the Nigerian economy between 2016 and 2017 alone.

Local Content

The beer industry continues to lay strong emphasis on sustainable supply through development of local sources to foster import substitution and increase savings on foreign exchange. Our member companies have made significant investments in research and development efforts to improve quality and increase supplies of relevant local raw materials used in the production of some of our brands.

In recent years, significant milestones have been achieved by member companies in increasing the level of local content in their production and packaging processes. Today, some of our leading companies source over 50% of their raw materials locally. This holds great promises for local farmers, suppliers, transporters, employment generation opportunities and poverty alleviation.

    ADDRESS

    MAN House, 77 Obafemi Awolowo Way, Ikeja Lagos, Nigeria

    PHONE

    +234 80 1234 5678

    EMAIL

    Info@beersectoralgroup.net

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