British American Tobacco Commits To Nigeria’s Economic Sustainability, Growth

The British American Tobacco Nigeria (BATN) has reaffirmed it’s commitment to Nigeria’s economic sustainability as well ESG achievements and growth within the economic landscape.

This is just as BATN contributed a staggering N415 billion in taxes and levies between 2018 and 2023, directly supporting government initiatives.

The company, in a statement to LEADERSHIP, hinted that, BATN has been a landmark contributor to the Nigerian economy adding that the 20th anniversary of its Ibadan factory recognized BAT Nigeria’s contributions to the Nigerian economic landscape as well as its ESG achievements.

This commitment extends to a goal of carbon neutrality by 2030, setting a high bar for environmental responsibility within the industry marked by over two decades milestones that speak volumes about its dedication to the country.

The company noted that the two decades is significant to unwavering dedication to sustainability, innovation, economic growth, and responsible corporate citizenship noting that BATN’s commitment to sustainability goes beyond mere words.

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Established in 2004 well ahead of the global sustainability movement, the Ibadan factory embodies a vision for the future With energy-efficient design and a substantial 1.4 MW solar panel system as the company demonstrates a proactive approach to reducing its carbon footprint.

This commitment, it said, extends to a goal of carbon neutrality by 2030 adding that 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 US$185 million state-of-the-art Ibadan Factory in 2003, a testament to the mutual benefits of cooperation.

The company’s investments have a ripple effect, strengthening the Nigerian economy. The US$30 million investment by third-party supplier NAMPAK SA is just one example.