Business
LIRS Boss Bags Innovative CEO of The Year Award, Promises to Sustain Tax Revolution in Lagos State
The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair has been conferred with the Most Innovative CEO of The Year Award 2022 by the New Telegraph Awards 2022.
The award ceremony, held at the Balmoral Convention Centre, Federal Palace Hotel, Lagos, on Friday, had in attendance several other awardees and dignitaries, including the Vice President, Prof. Yemi Osinbajo, honoured with the Statesman of the Year Award, All Progress Congress Presidential Flagbearer, Asiwaju Bola Tinubu, PDP Presidential Candidate, Alhaji Atiku Abubakar, who both bagged Lifetime Achievement Award and Lagos State Governor, Babajide Sanwo-Olu, who went home with the Governor of the Year(Education), among others.
The organisers of the awards, The New Telegraph Newspapers, explained that Subair was honoured for his landmark strides since he became the LIRS Executive Chairman in 2016, as he has been able to implement strategic innovations as well as double the initial revenue generation from N240bn to N427bn with his astute knowledge and experience in Accounting and Taxation.
Driving the tax revolution at the LIRS, other Subair’s achievements, according to the newspaper, include the introduction of eTax in 2019, the launching of the whistleblowing initiative (2022), staff reforms and welfare upgrade (from 2017 till date), the introduction of the IBILE HUB Initiative (2021), Technology driven Operational Reforms in LIRS formed in 2022, where an Intelligent Unit- a team of undercover administration specially trained in information gathering and intelligence reports to provide information on all taxpayers in Lagos State and to ensure the agency has adequate information for appropriate profiling to expose tax defaulters.
Others include the establishment of the LIRS Service Charter (2021), the introduction of Automation of collection of consumption taxes (2017-2018), the inauguration of the Joint State Revenue Committee (JSRC) in 2021 as well as becoming the agency with the Highest Generated Revenue amid Covid-19 pandemic in 2020.
While receiving the award, the LIRS boss, who was accompanied by some of the agency’s directors, expressed gratitude to the management of New Telegraph for recognising LIRS for the efforts it has been making in driving the State’s revenue generation under Governor Babajide Sanwo-Olu-led administration.
Subair said: “I want to say a very big thank you to the organizers of this great award, including the publisher and management of New Telegraph. “I want to say thank you for recognizing LIRS as being the most innovative and very strategic agency. We know we have to be on top of our game so that we can generate enough revenue for this wonderful state.”
Speaking further, the astute Tax administrator noted: “I am very happy to receive this award. It is the recognition of all the hard work we’ve been doing at the LIRS. This award encourages us to strive to improve our innovation. The LIRS is hinged on technology, and anybody who wants to make any headway in tax administration has to embrace technology. So, it’s our joy that we are being duly recognized as the foremost agency in that direction.
“I dedicate this award to my late father, Engr. Abiodun Subair, Governor of Lagos State, Mr Babajide Sanwo-Olu, who always says yes to our wish list. I also want to dedicate the award to my family, to all directors and management staff of LIRS who are here to support me tonight and very importantly, to all staff of LIRS that have stayed committed to our strategic objectives.”
Speaking on what to expect from the agency shortly, Subair noted; “As for me, when you talk about figures, I want to ensure that we continue to double our numbers so that we have enough funding to sustain the development of our dear State.
Among the directors, who accompanied the LIRS chairman to receive the award included LIRS Board Secretary, Mr Owolabi Kamson, Director, Admin and HR, Arinola Kola-Daisi, Director, Legal, Seyi Alade, Assistant Director, IT, Rasheed Olu-Ajayi, Assistant Director, Relationship Management Unit, RMU, Mr Tunji Osuntokun and Head Corporate Affairs, Monsurat Amasa. #
BUA Foods Bags Multiple Awards
…Becomes first Nigerian business to win AABLA Company of the Year Award
BUA Foods Plc, the makers of IRS Pasta, BUA Sugar, IRS Flour, and BUA Rice, has emerged as the 2024 Company of the Year at the prestigious CNBC’s Africa All Africa Business Leaders Awards (AABLA) held in South Africa.
This historic win makes BUA Foods the first Nigerian organisation to win the Company of the Year award in the 12-year history of AABLA, Africa’s largest premier business award renowned for recognising outstanding achievers in Africa’s business landscape.
The award came hours before BUA Foods was named the “Most Valuable Indigenous Food Company” at the 2024 BrandCom Award in Lagos State. In late September 2024, Marketing Edge also awarded BUA Foods as the “Customer-centric FMCG Corporate Brand of the Year” while Media Consortium named IRS Premium Wheat Flour the “Premium Brand of the Year”.
According to the leading Nigerian food company, the awards acknowledge its significant contributions to the African food industry, commitment to sustainable growth, and positive impact on the continent.
The Managing Director of BUA Foods, Engr. Ayodele Abioye (PhD.), in his acceptance speech at the AABLA award in South Africa, noted that the award is not just for BUA Foods but for the entire African food industry.
A statement from BUA Foods on Sunday quoted Abioye as saying, “We are deeply honored to be acknowledged as the Company of the Year. This recognition is a testament to our position as a leading force in the African food industry. We are proud to contribute to economic development and positively impact the continent.
“This award is not just for BUA Foods but for the entire African food industry. It acknowledges our collective efforts to bolster food security in the region, especially in the face of ongoing challenges.
“Just last month, we solidified our position as a global player by signing agreements with Italian and Turkish firms to expand our Pasta and Wheat production to 900,000 metric tonnes per annum and 2.5 million metric tonnes per annum respectively. This strategic move positions us to become the largest milling company in Nigeria by 2025, and ultimately Africa in the near future”.
Ayodele subsequently expressed gratitude to the organisers of the award, valued stakeholders, and employees of the company, saying their trust and loyalty have fueled BUA Foods growth.
He also reaffirmed BUA Foods’ commitment to empowering African communities through sustainable food production and distribution.
“As we look ahead, we remain steadfast in our mission to feed Africa and contribute to the region’s economic development. We will continue to explore new markets, forge strategic partnerships, and invest in innovative technologies to elevate the African food industry to unprecedented levels,” he added.
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