Employers in the food, beverage and tobacco sector have warned of looming job losses if the challenges in the business environment are not turned around.

Speaking on behalf of the employers at the 36th Annual General Meeting of the Association of Food, Beverage and Tobacco Employers in Lagos, the President, AFBTE, Mr. Paul Gbededo, said that manufacturers had losses in the millions of dollars since the devaluation of the naira in the past months.