NUFBTE warns FG about job loss over excise duty on carbonated drinks

Hiseasnetwork1个月前Internationality104
The National Union of Food, Beverage and Tobacco Employees (NUFBTE) has warned of massive job loss in the sector over the Federal Government's proposed increase on excise duty on carbonated drinks. NUFBTE warns FG about job loss over excise duty on carbonated drinksThe National Union of Food, Beverage and Tobacco Employees (NUFBTE) has warned of massive job loss in the sector over the Federal Government’s proposed increase on excise duty on carbonated drinks.

President of NUFBTE, Lateef Oyelekan, who stated this, said should the government go ahead with its plans, Nigerians would be the ones that would suffer the consequences as companies would have no choice than to lay off workers, reduce production lines or may even close down permanently.

He revealed that companies in the sector are already looking outside Nigeria for alternate production of their products even as they plan to move to a more favourable business climate within the West African region.

According to him, the union’s investigation revealed that more employers in the sector are conducting surveys on the probability of moving to Ghana and other countries in the region.

“Initially, Seven-Up had only one plant in Africa, which is Nigeria, but now it has another in Ghana. More of them now want to reduce their operations in Nigeria and move to Ghana.

“Our government should not take it with levity because that is how Michelin, Dunlop and others moved to Ghana and still bring back their products to Nigeria to sell,” he lamented.

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