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.
The Manufacturers Association of Nigeria’s (MAN) Food Sectoral Group has appointed Chief Patrick Anegbe as its new chairman.
According to a statement released by MAN, Anegbe now holds the new office alongside his position as the President, Association of Food, Beverages and Tobacco Employers (AFBTE) as well as the Chairman, Blenders and Distillers Association of Nigeria (DIBAN), a sub-sectoral group of MAN.
The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN) in collaboration with the Collingwood Learning Incorporated and Thespian Theatre, has launched the SMASHED program.
Endorsed by the Federal Ministry of Health and supported by local health and education authorities in the country, the program is aimed at breaking the culture of underage drinking and reducing alcohol-related harm among Nigerian youths.
The Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector.
The Director-General of the association, Mr Segun Ajayi-Kadir, made the remarks in Lagos, in spite of the rebuttal from the Federal Inland Revenue Service (FIRS) on the issue.
Stakeholders in the alcohol beverage industry on Monday declared their opposition to the recent 500% increase in excise duty rates on alcohol by the Federal Government.
The stakeholders, which includes the Nigerian Labour Congress (NLC), Manufacturers Association of Nigeria (MAN), Distillers and Blenders Association of Nigeria (DIBAN), and the Association of Food, Beverage and Tobacco Employers of Nigeria (AFBTE) expressed their displeasure over the rate hike to a Senate Committee on Finance at a public hearing on the matter.
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to reverse the newly proposed excise duty rate increase on alcohol and tobacco products, saying that its implementation will lead to job losses and plant closures in the affected industries.
The President, MAN, Dr. Frank Jacobs, spoke on the issue in Lagos on Wednesday while addressing the media on the association’s position on the African Continental Free Trade Agreement.
The National Agency for Food and Drug Administration and Control (NAFDAC) and its sister agencies on Friday gave commendations to La Casera Company, the soft drinks maker, for maintaining a high quality standard in the production of its beverages and also for being in compliance with the different regulatory agencies – National Agency for Food and Drug Administration and Control (NAFDAC), Manufacturers Association of Nigeria (MAN), and Standard Organisation of Nigeria (SON).
Nigeria imports fruit juices valued at N165bn annually, according to the president of the Manufacturers Association of Nigeria (MAN), Frank Jacobs.
Speaking at a workshop organized by the Raw Materials Research and Development Council (RMRDC) in Owerri on Friday, Mr. Jacobs noted that in spite of the high rate of fruit production and a vibrant juice market, the country imported fruit concentrates.
