ADVERTISEMENT
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
Thursday, March 12, 2026
  • Login
No Result
View All Result
NEWSLETTER
VON Digest
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
No Result
View All Result
VON Digest
No Result
View All Result
Home Business

FOBTOB Warns Nigeria May Lose N2tr Investment Over Proposed Alcohol Sachet Ban

by Vanessa
November 21, 2025
in Business
0
FOBTOB Warns Nigeria May Lose N2tr Investment Over Proposed Alcohol Sachet Ban
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has cautioned that Nigeria could forfeit over N2 trillion in investments if the planned ban on sachet alcoholic drinks and alcohol packaged in PET or glass bottles under 200ml takes effect on December 31.

At a press briefing in Lagos, FOBTOB President Jimoh Oyibo urged the federal government to halt the proposed enforcement, warning that the Senate’s directive to NAFDAC could trigger widespread economic and social disruptions across the sector.

RelatedPosts

Union Bank of Nigeria Marks International Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

Empowered Women, Stronger Nation: Building Futures Through Property Ownership

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women

Oyibo said reversing the ban would safeguard jobs and prevent further strain on the economy.

“Repealing this directive would avert the grave repercussions that will follow the ban, especially by saving about 5.5 million direct and indirect jobs,” he said.

He appealed to the Senate to convene a public hearing to allow industry players to present their positions before any final decision is taken.

According to him, a similar restriction proposed by NAFDAC last year was suspended following labour protests and a public hearing at the House of Representatives, where contributions from stakeholders prompted lawmakers to instruct NAFDAC to consult manufacturers and review the policy.

He noted that the Ministry of Health later approved a one-year extension to develop a National Alcohol Policy, which was validated in October 2025 with active input from NAFDAC.

FOBTOB called on the Senate to thoroughly assess and adopt the validated policy, describing it as a multi-sectoral framework that reflects submissions made during last year’s engagement.

Oyibo also urged lawmakers to consider the impact of the proposed ban on the entire value chain—from factory workers to suppliers, distributors, marketers, and logistics operators—before endorsing enforcement.

He warned that nearly N2 trillion worth of investments in machinery and raw materials may be lost, while over 500,000 direct employees and some five million indirect workers could be pushed out of work.

He added that the ban could fuel smuggling, increase circulation of unregulated alcoholic products, reduce government tax revenue, threaten local manufacturers, and plunge affected families deeper into poverty.

Tags: FOBTOB
Previous Post

Shettima Heads to Johannesburg for G20 Summit as Tinubu Stays Back Over Security Crises

Next Post

Peter Obi Warns Kanu’s Conviction May Heighten Tension in South-East

Vanessa

Vanessa

I'm a journalist and relationship columnist. Nigeria Media Merit (NMMA) 1st Runner Up Award Recipient. I'm passionate about arts, entertainment,marriage, religion and politics. I love giving back to society.

Related Posts

Union Bank of Nigeria Marks International Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

Union Bank of Nigeria Marks International Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

by Vanessa
March 11, 2026
0

In observance of International Women’s Month 2026, Union Bank of Nigeria reaffirms its commitment to gender equity through a focused...

Empowered Women, Stronger Nation: Building Futures Through Property Ownership

Empowered Women, Stronger Nation: Building Futures Through Property Ownership

by Vanessa
March 10, 2026
0

As the world commemorates International Women’s Day, attention rightly turns to the extraordinary role women play in shaping families, communities,...

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women

by Vanessa
March 10, 2026
0

Fidelity Bank Plc has reaffirmed its commitment to advancing women’s economic empowerment with the signing of strategic Memoranda of Understanding...

UK Trade Officials Visit Fidelity Bank to Strengthen Nigeria–UK Business Ties

UK Trade Officials Visit Fidelity Bank to Strengthen Nigeria–UK Business Ties

by Vanessa
March 10, 2026
0

British Deputy High Commissioner Jonny Baxter and DBT officials paid a courtesy visit to Fidelity Bank’s Lagos headquarters to strengthen...

International Women’s Day 2026: Adron Homes Champions Women’s Leadership and Inclusive Growth

International Women’s Day 2026: Adron Homes Champions Women’s Leadership and Inclusive Growth

by Vanessa
March 8, 2026
0

As the world marks International Women’s Day 2026, Adron Homes and Properties has reaffirmed its commitment to empowering women with...

Polaris Bank Celebrates 2026 Int’l Women’s Day, Reaffirms Commitment to Empowering Women

Polaris Bank Celebrates 2026 Int’l Women’s Day, Reaffirms Commitment to Empowering Women

by Vanessa
March 8, 2026
0

Polaris Bank has joined the global community in celebrating International Women’s Day 2026, reaffirming its commitment to promoting gender equality,...

Next Post
Peter Obi Warns Kanu’s Conviction May Heighten Tension in South-East

Peter Obi Warns Kanu’s Conviction May Heighten Tension in South-East

Recommended

Fidelity Bank Enhances Maternal and Child Healthcare Delivery at ESUTH

Fidelity Bank Enhances Maternal and Child Healthcare Delivery at ESUTH

3 months ago
APC Elders Move to Resolve Tension Between Aiyedatiwa and Tunji-Ojo in Ondo

APC Elders Move to Resolve Tension Between Aiyedatiwa and Tunji-Ojo in Ondo

6 months ago

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Agriculture
    • Business
    • Crime & Security
    • Education
    • Entertainment
    • Events
    • Fashion
    • food
    • Gaming
    • Health
    • Lifestyle
    • Movie
    • Music
    • National
    • News
    • Opinion
    • Politics
    • Religion
    • Science
    • Science & Technology
    • Society
    • Sports
    • Tech
    • Travel
    • World

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • Privacy Policy
    • About Us
    • Contact
    • Terms of Use

    © 2026 VON Digest. All rights reserved. Designed by IgniteWeb.

    No Result
    View All Result
    • Home
    • Business
    • Crime & Security
    • Education
    • Entertainment
    • Events
    • Lifestyle
    • News
    • Society
    • Politics
    • Science
    • Science & Technology
    • Sports
    • Tech
    • World

    © 2026 VON Digest. All rights reserved. Designed by IgniteWeb.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In