Geregu Power Plc has disclosed that it paid a total of ₦12.36 billion in taxes for the nine-month period ended 30 September 2025, according to its unaudited interim financial statements submitted to the Nigerian Exchange Limited (NGX).
The tax breakdown shows ₦11.24 billion as income tax, ₦1.12 billion as education tax, and ₦1.87 million as police trust fund levy, bringing the total current tax charge to ₦12.36 billion within the review period.
The figure reflects the company’s growing profitability and sustained fiscal compliance in Nigeria’s electricity-generation sector.
Geregu’s effective tax rate stood at 33.33 percent, consistent with statutory corporate tax thresholds and marginally above the prior year’s 33.29 percent.
Earlier filings revealed that Geregu Power recorded ₦25.1 billion profit after tax in the same nine-month period, representing a marginal rise from ₦24.19 billion a year earlier, while basic earnings per share improved to ₦10.04, up from ₦9.68 in 2024.
The company continues to post resilient margins despite rising input costs, a volatile foreign-exchange environment, and industry-wide funding constraints.
The ₦12.36 billion tax payment also shows the company’s role as a key contributor to federal revenue amid Nigeria’s push to boost non-oil income through efficient taxation of high-performing corporates.
Geregu Power, one of Nigeria’s listed power-generation firms, is majority-owned by billionaire industrialist Femi Otedola.
The company operates the Geregu I Power Plant in Kogi State with an installed capacity of 435 megawatts, supplying the national grid under the supervision of the Nigerian Electricity Regulatory Commission (NERC).