Senate's Sachet Alcohol Ban Puts Millions of Jobs at Risk
FOBTOB condemns Nigeria's Senate-approved ban on sachet alcohol, warning of massive job losses and dangerous alternatives. Industry faces N2 trillion investment threat.
Category : Manufacturing
N2trn Industry Threatened by Sachet Alcohol Ban
FOBTOB warns Nigeria's N2 trillion beverage sector faces collapse from the sachet alcohol ban, threatening 5.5 million jobs. Urges Senate to reconsider.
MAN: High Energy Costs, Taxes Hurt Niger Delta Factories
MAN highlights crippling energy costs and multiple taxes hindering Niger Delta manufacturing. The association urges a blue economy focus for sustainable industrial growth. Read more.
Nigeria Showcases EV & CNG Drive at Motor Fair
Nigeria accelerates its green mobility shift at the 25th Abuja Motor Fair, unveiling new EVs, CNG vehicles, and a ₦20bn CreditCorp fund. Discover the future of Nigerian auto industry.
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N8bn Children's Toy Experience Centre Opens in Lagos
Auldon Toys unveils an N8 billion children's experience centre in Lagos, shifting from wholesale to retail with interactive learning workshops. Discover how this investment empowers Nigerian youth.
Digital Platform Transforms Nigeria's Food Processing
Nigeria's DFQT+ platform is transforming food fortification with real-time tracking and improved compliance. Discover how this digital innovation benefits producers and regulators.
Delta Governor Pushes Industrial Revolution With KFTZ
Delta State Governor Sheriff Oborevwori launches Kwale Free Trade Zone to drive industrial growth and commissions 12.1km road in riverine communities, marking significant development strides.
Nigeria Baking Crisis: 80,000 Bakeries Shut Down
Nigeria's baking industry faces collapse as over 80,000 bakeries closed since 2020 due to high production costs, energy crisis, and insecurity. Learn how this affects jobs and bread prices.
Ponmo Threatens Nigeria's Leather Industry - FG
Federal Government warns ponmo consumption threatens Nigeria's $2.79bn leather industry growth. Campaign launched to prioritize industrial use of cow hides.
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New 40,000-Capacity EV Assembly Plant Coming to Nigeria
E.F. Network unveils massive electric vehicle assembly plant in Nigeria, creating 25,000 jobs and transforming the country's auto industry by 2026. Discover the future of green mobility.
Manufacturers Challenge NAFDAC's Sachet Alcohol Ban
Nigerian manufacturers demand reversal of sachet alcohol ban, warning of massive job losses and economic damage. MAN argues ban contradicts existing policies.
Group Condemns NAFDAC's Sachet Alcohol Ban
Civil society group Stand Up Nigeria condemns NAFDAC's ban on sachet alcohol, warning of 500,000 job losses and ₦1.9 trillion economic damage. Read the full details.
Sachet Alcohol Ban Threatens 500,000 Nigerian Jobs
Manufacturers Association warns NAFDAC's December 31 ban on sachet and PET bottle alcohol could eliminate 500,000 jobs and N1.9 trillion investments. MAN urges Senate reconsideration.
Tinubu: Nigeria secures $5bn foreign investments
President Tinubu reveals Nigeria attracted $5bn in manufacturing, fintech and energy investments. PEBEC reforms streamline business registration and port operations.
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Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Beta Glass Invests ₦85M in Nigerian Communities
Leading glass and packaging manufacturer Beta Glass PLC has made significant investments in community development while generating massive economic value for Nigeria's economy through job creation and local content.
Imo State Revives Aluminium Company with ₦500M
Imo State Government injects ₦500 million to resuscitate the moribund Inyishi Aluminium Company, creating jobs and boosting local manufacturing in Southeast Nigeria.
German Steel Industry Faces Major Crisis and Job Cuts
Germany's once-powerful steel industry confronts an uncertain future as high energy costs and global competition threaten thousands of jobs and factory operations across the nation.
Nigeria to Privatize Refineries in Historic Agreement
In a groundbreaking move to revitalize Nigeria's oil sector, the Federal Government and manufacturers have agreed to privatize the Port Harcourt refinery and other national refineries, promising to end fuel import dependency.
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Manufacturers Demand Privatization of Nigeria's Refineries
MAN advocates complete privatization of Nigeria's state-owned refineries to address persistent fuel shortages and boost manufacturing sector competitiveness.
CAP Plc Advocates Sustainable Paint Manufacturing in Nigeria
Chemical and Allied Products Plc leads Nigeria's paint industry toward safer, environmentally conscious manufacturing practices while maintaining quality standards.
Edo State to Begin Local Drug Production in 2026
Edo State announces groundbreaking pharmaceutical manufacturing initiative to produce essential medicines locally by 2026, reducing import dependency and creating thousands of jobs.
EU, France invest €10.2M in Nigeria pharma sector
Massive €10.2 million investment aims to boost local drug manufacturing, reduce import dependency, and create thousands of jobs in Nigeria's healthcare sector.
EU & France Invest €10.2M in Nigeria Pharma Industry
Breaking: European Union and France launch massive €10.2 million investment to transform Nigeria's local drug manufacturing capacity and healthcare security.
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Ogun State: Driving Nigeria's Industrial Revolution
Discover how Ogun State's strategic partnerships with multinational corporations and local industry leaders are driving Nigeria's most significant industrial transformation in decades.
Nigeria's Printing Industry Battles Survival Crisis
Lagos Chamber of Commerce intervenes as Nigeria's printing sector faces existential threat from rising production costs, forex volatility, and power challenges. Key stakeholders gather for crucial dialogue.
Tinubu Boosts Local Medicine Manufacturing in Nigeria
President Tinubu's administration takes decisive action to revolutionize Nigeria's pharmaceutical sector with new policies aimed at boosting local medicine manufacturing and reducing import dependency.
Nigeria Bans Raw Material Exports Without Local Processing
Nigeria takes historic step toward economic transformation as lawmakers mandate minimum 30% local value addition before raw material exports, aiming to boost industrialization and create jobs.
National Quality Conference in Nigeria Postponed
The much-anticipated National Quality Conference in Nigeria has been officially postponed. Get the latest updates on new dates and what this means for stakeholders.
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Nigeria Manufacturers Face 51% Forex Shortage Crisis
MAN reveals only 49% of manufacturers' forex needs are met, threatening production and economic growth despite positive 4% sector outlook for 2024.
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