Advertisement Advertisement Advertisement
ADVERTISEMENT
  • Home
  • Business
  • Crime & Security
  • Education
  • Entertainment
  • Events
  • Lifestyle
  • News
  • Society
  • Politics
  • Science
  • Science & Technology
  • Sports
  • Tech
  • World
Monday, August 10, 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 » Posts » FOBTOB Warns Nigeria May Lose N2tr Investment Over Proposed Alcohol Sachet Ban

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

by Vanessa
November 21, 2025
in Business
0
0
SHARES
5
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

Aare Adetola Emmanuelking Champions Community Security As He Hosts Cp Olubode Ojajuni, Ogun State Commissioner Of Police, In Remoland

Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65

Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday

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
ShareTweetShareSend
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

Aare Adetola Emmanuelking Champions Community Security As He Hosts Cp Olubode Ojajuni, Ogun State Commissioner Of Police, In Remoland

Aare Adetola Emmanuelking Champions Community Security As He Hosts Cp Olubode Ojajuni, Ogun State Commissioner Of Police, In Remoland

by Vanessa
July 30, 2026
0

Aare Adetola Emmanuelking Champions Community Security As He Hosts Cp Olubode Ojajuni, Ogun State Commissioner Of Police, In Remoland  ...

Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65

Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65

by Vanessa
July 30, 2026
0

Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65 Tributes have continued to pour in for renowned entrepreneur...

Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday

Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday

by Vanessa
July 28, 2026
0

Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu's Impact on Education as He Marks Birthday   The Chairman/GCEO of Adron Group,...

RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony

RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony

by Vanessa
July 25, 2026
0

RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony   Remo Secondary School (RSS)...

460.7 Million Forgery And Money Laundering Case Suffers Setback As Principal Defendant, Austin Ugochukwu Albert, Fails To Appear, Cites Unsubstantiated Major Surgery Claim in Dubai, as FIDA Watches Closely

460.7 Million Forgery And Money Laundering Case Suffers Setback As Principal Defendant, Austin Ugochukwu Albert, Fails To Appear, Cites Unsubstantiated Major Surgery Claim in Dubai, as FIDA Watches Closely

by Vanessa
July 24, 2026
0

460.7 Million Forgery And Money Laundering Case Suffers Setback As Principal Defendant, Austin Ugochukwu Albert, Fails To Appear, Cites Unsubstantiated...

Fidelity Bank Extends Lifeline to 1,000 IDPs in Plateau with Food Bank Initiative

Fidelity Bank Extends Lifeline to 1,000 IDPs in Plateau with Food Bank Initiative

by Vanessa
July 23, 2026
0

Fidelity Bank Extends Lifeline to 1,000 IDPs in Plateau with Food Bank Initiative In a significant demonstration of its commitment...

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

Fresh Violence in Plateau State Claims 20 Lives

Fresh Violence in Plateau State Claims 20 Lives

1 year ago
ADC Sacks Chairman, Declines Secretary’s Resignation

ADC Sacks Chairman, Declines Secretary’s Resignation

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