Daily Archives: October 23, 2019

Stakeholders, experts sound warning on impact of FG’s planned excise duty on soft drinks


The new excise duty on soft drinks announced by the Federal Government may lead to job loss and business failures if implemented, according to stakeholders.

The Nigeria Employers Consultative Association (NECA), The Lagos Chamber of Commerce and Industry (LCCI) and some economists sounded the warning in separate reactions to the Minister of Finance, Budget and National Planning, Zainab Ahmed’s recent announcement.

Brewers increase use of sorghum in beer and malt making, driving up local demand


Brewers in the country are said to be using more of sorghum, a crop that is widely grown in Nigeria in place of barley in beer and malt making.

According to a report by BusinessDay, Adamu Batur, Secretary, Sorghum, Millet Farmers Association of Nigeria, said that “The brewery industry is buying so much from sorghum farmers now than before.”