Smart Residences Ltd has recently been recognized by the Federal Inland Revenue Service (FIRS) as a Top Taxpayer, a significant distinction that reflects the company’s profound commitment to fiscal responsibility, ethical governance, and meaningful contribution to Nigeria’s economic development.
This recognition transcends a ceremonial title. It represents an official acknowledgment from Nigeria’s foremost tax authority that Smart Residences consistently meets its statutory tax obligations with diligence, transparency, and integrity. These qualities are fundamental pillars of responsible corporate citizenship in today’s demanding business environment.
The Federal Inland Revenue Service (FIRS) is the statutory agency responsible for the assessment, collection, and administration of critical revenue streams due to the Federal Government, including Company Income Tax (CIT) and Value Added Tax (VAT). Through initiatives like the FIRS Compliant Taxpayer Award and Recognition Programme, the agency highlights organizations that demonstrate exemplary tax discipline.
By recognizing companies that consistently fulfill their obligations, FIRS actively promotes a culture where tax compliance is viewed not merely as a legal requirement, but as an essential contribution to national development. Taxes remain one of the most reliable sources of funding for public services, including infrastructure, healthcare, education, and security. Therefore, this award underscores Smart Residences’ role beyond the hospitality sector, as an active and dependable participant in sustaining Nigeria’s economic framework.
For investors, partners, and guests, FIRS recognition acts as a powerful reinforcement of trust. It signals adherence to high standards of financial discipline, regulatory compliance, and corporate accountability. This positions Smart Residences as a responsible and forward-thinking organization, setting a crucial benchmark within the competitive real estate and hospitality sectors.
Smart Residences operates a growing portfolio of luxury hospitality and serviced apartment brands across Abuja, including The Destination, Glass Residence, The Rezidence, HomeAway and Getaway. The company’s approach blends luxury hospitality with modern lifestyle, delivering spaces that prioritize comfort, privacy, personalized service, and contemporary living. This sustained growth, which includes developing over 200 residential units across strategic locations, is built upon sound governance structures and an unwavering commitment to operational excellence.
At the helm of Smart Residences is Olajide Abiola, whose leadership has been instrumental in shaping the company’s trajectory. With a multidisciplinary background spanning military service, technology, finance, and project management, Mr. Abiola brings discipline, strategic thinking, and innovation to the organization. His leadership philosophy emphasizes sustainability, accountability, and long-term value creation. Under his stewardship, Smart Residences has grown into a respected name, earning recognition for both service excellence and responsible corporate conduct.
In an economy striving to diversify revenue beyond oil, corporate tax compliance is a crucial metric of national partnership. This recognition affirms the company’s commitment to ethical business operations, responsible financial management, and trustworthiness in all stakeholder dealings.
The FIRS recognition stands as both an honour and a responsibility. It reflects Smart Residences’ core values, excellence, trust, and teamwork, and reinforces the company’s resolve to continue operating with the utmost integrity and purpose as it expands its footprint and redefines hospitality experiences across Nigeria.
