How Beta Glass injected over N1.1trn into Nigeria’s economy in 10 years
Beta Glass Plc, West and Central Africa’s leading glass packaging manufacturer, has generated over N1.1 trillion in total economic impact and created more than 4,000 jobs in Nigeria between 2015 and 2024, according to its newly released Socio-Economic Impact Assessment Report conducted by Deloitte Nigeria.
The independent study quantified Beta Glass’ contributions to economic growth, job creation, tax revenue, and community development, underscoring its vital role in the country’s manufacturing sector.
According to the report, Beta Glass generated a total economic impact of N324.7 billion in 2024 alone, directly accounting for nearly 1% of Nigeria’s manufacturing sector output and 14% of the non-metallic products sub-sector.
The company also supported over 4,000 full-time jobs in 2024, including direct, indirect, and induced employment. With over 1,490 employees across its plants in Delta and Ogun States, and 98% of its Ogun-based workforce sourced locally.
Deloitte noted that between 2015 and 2024, Beta Glass paid N64.7 billion in taxes, comprising N20 billion in corporate income tax, N2.9 billion in PAYE, and N41.8 billion in Value Added Tax (VAT), bolstering government revenue and fiscal stability.
At the state level, the company’s Guinea Plant in Ogun State generated N223.4 billion in total impact in 2024, representing 3.1% of the state’s GDP, while its Delta Plant contributed N101.35 billion, or about 2% of Delta’s GDP.
Beyond financial metrics, the leading glass-making firm has invested N85 million in community development projects since 2019, with interventions in healthcare, education, and infrastructure. Its sustainability initiatives include the installation of a solar power plant at the Agbara facility, cutting energy costs and carbon emissions, as well as the use of up to 50% recycled glass in production.
“This report validates our unwavering commitment to Nigeria’s growth and prosperity,” Alexander Gendis, chief executive officer of Beta Glass, said. “We are proud to support thousands of jobs, contribute substantial tax revenues, and invest in the communities where we operate. Our commitment to sustainability and innovation ensures that our growth benefits both our stakeholders and the environment.”
Vitus Ezinwa, chairman of the board, commended the company’s resilience amid economic headwinds.
“Despite the challenging macroeconomic environment, Beta Glass has demonstrated resilience and agility,” Ezinwa said. “This report reflects our steadfast dedication to delivering value to shareholders, employees, and the Nigerian economy at large. We thank our partners and communities for their continued support as we pursue sustainable growth.”
Michael Adiele, strategy and business design lead at Deloitte Nigeria, added that the report captures both the tangible and intangible impacts of Beta Glass’ operations.
“Deloitte worked collaboratively with Beta Glass to highlight their quantitative and qualitative socio-economic impact on the Nigerian economy,” Adiele noted.
Aligned with the United Nations Sustainable Development Goals (SDGs), Beta Glass said it will continue to emphasise decent work, innovation, sustainable production, and community well-being, while expanding its footprint across West and Central Africa.
