The federal government has said it would reconsider the 500 per cent tariff hike on local beverages to save the sector from imminent collapse and prevent loss of about 200,000 jobs.
The Minister of Labour and Employment, Chris Ngige, disclosed this when members of the National Union of Food, Beverage and Tobacco Joint Employers and Workers Association visited him in his office.
Nigige told members of the association who were on a Save Our Soul (SOS) mission to the minister’s office that the federal government will review the newly introduced 500 per cent excise duty on locally produced alcoholic beverages.
A statement by Director of Press in the ministry, Samuel Olowokere, quoted the minister as saying: “This will save the sector from imminent collapse and forestall the consequent loss of about two hundred thousand jobs. You have written to the Federal Government through me that the increase in excise duty on alcohol and beverages will create job losses.
“Because once you…
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