✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

‘N800bn investment, 500,000 jobs to be affected over ban on sachet beverages’

The Manufacturers Association of Nigeria (MAN) and the Distillers and Blenders Association of Nigeria (DIBAN) have said the ban on the production of drinks in…

The Manufacturers Association of Nigeria (MAN) and the Distillers and Blenders Association of Nigeria (DIBAN) have said the ban on the production of drinks in sachets and small-sized bottles, would ruin over N800 billion investment in the sector as well as render 500,000 people jobless.

The associations, which disclosed this Friday in Lagos, said the enforcement of the ban by the National Agency for Food and Drug Administration and Control (NAFDAC) would have negative impacts on the economy.

The Director General of MAN, Segun Ajayi-Kadir, called on the federal government to reverse the ban and replace it with regulations and access control, saying, most players in the sector are indigenous investors who have made huge investments including taking loans to finance their business.

“Besides and more importantly, the proposed policy would amount to unnecessary and avoidable debilitation of the business of local and indigenous investors who through thick and thin have kept faith with the Nigerian Economy. They have continued to invest and reinvest at enormous cost in the economy and in the Nigerian people who are the bulk of its nearly N500, 000 people workforce,” he said.

He called on the government to intensify its activities and support in the form of access control and tighten regulations as well as promote and protect the growth of local industries and jobs by tackling production of fake, counterfeit, and unwholesome beverages.

Executive Secretary of DIBAN, Mr John Ichue, who emphasized that the ban would not only affect the 500,000 direct workforce, but their dependents, called on NAFDAC to allow due process of full legislative hearings by the appropriate House Committee to take place, before enforcement of the ban.

 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.