PM NEWS
The Manufacturers Association of Nigeria (MAN) and Distillers and Blenders Association of Nigeria (DIBAN) have said at least 25 companies may be forced to close shop if President Bola Tinubu does not reverse the ban on alcoholic beverages in sachets and pet bottles less than 200ml by the National Agency for Foods and Drugs Administration and Control (NAFDAC).
NAFDAC said the ban is in line with an agreement reached by a tripartite committee set up in 2018 by the Federal Ministry of Health.
The two groups said this at a joint news conference in Lagos on Friday where they expressed their opposition to the ban imposed on the production of alcoholic beverages in sachets and pet bottles of less than 200ml, with effect Jan. 31. 2024
But speaking at the press conference in Lagos, Executive Secretary of DIBAN, Mr John Ichue, said the ban must be reversed to avert colossal loss on investments in machines, raw materials and financial resources.
He added that 5.5 million people, directly and indirectly, earning their livelihood from the business will also be negatively affected by the ban.
He also said the ban may result in a loss of over N800 billion in investments across the value chain.
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