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Food manufacturers push back against heavy taxes and regulations
Food and beverage companies in Nigeria are raising concerns over excessive taxes and regulatory challenges. Chinedum Okereke, President of the Association of Food, Beverage, and Tobacco Employers, warned that these burdens could threaten the sector’s survival. He emphasized the need for government support and better engagement with industry stakeholders. The association also opposes a proposed ban on sachet and small bottle alcohol packaging, citing potential negative impacts.
TLDR
- Chinedum Okereke criticized excessive taxation and arbitrary levies, warning they could harm the food and beverage sector.
- The association called for evidence-based policies and more collaboration between government and businesses.
- The group opposes the proposed ban on alcoholic drinks in sachets and small PET bottles, citing risks to jobs and investment.
- Osaro Omogiade reported a total income of N165.45m for the 2025 financial year, up 10.13% from N150.24m in 2024.
- Rising operational costs and lack of dialogue with authorities remain key concerns for manufacturers.
