PAYE: ExxonMobil pays N7b monthly to Akwa Ibom

ExxonMobil
ExxonMobil

ExxonMobil, operators of NNPC/MPN Joint Venture, says it has been remitting N7 billion every month as Pay As You Earn (PAYE) to Akwa Ibom government.

The Manager, Media and Communications, ExxonMobil, Ogechukwu Udeagha told correspondents of national dailies in Uyo, Akwa Ibom State capital, as part of the activities that marked the Correspondents’ Week.

Udeagha, who was reacting to an allegation that the company was not paying taxes to Akwa Ibom government, noted that the company is paying employees’ pay up of N7 billion to the state government every month as tax.

“70 per cent of our staff live and work here in Akwa Ibom state and we pay about N7 billion as tax to the state government through Pay As You Earn (PAYE) and of course the 13 per cent derivation.

‘’You can therefore realise the impact we are making on the state economy. We are closely linked with the state government and it is important that we work together.”

Udeagha, speaking on the theme of the Week: Post COVID-19 Economy and the Challenges to Ethical Journalism Ahead of 2023 General Elections, said that the company has not relented in its corporate social responsibility as shown in some of its social investments in the areas of its operations.

The manager also announced that ExxonMobil has remitted over N67.5 billion to the Niger Delta Development Commission (NDDC) starting from its inception in 2001 till date.

Recall that the Minister of Niger Delta Affairs, Senator Godswill Akpabio has said the International Oil Companies were not paying their three per cent contributions to the interventionist agency.