The Manufacturers Association of Nigeria (MAN) said the ban imposed on the production and sales of alcoholic drinks in sachets and PET bottles threatens investments worth over N800 billion.This was disclosed at a press conference organised by MAN on Friday in Lagos to review the implications of the ban.

According to MAN, the investments that have been made by the 25 companies, also puts over 5.5 million direct and indirect jobs at risk.Recall that the National Agency for Foods and Drugs Administration and Control (NAFDAC) had on February 5, 2024 announced the ban on production and sale of alcoholic beverages in sachets and less than 200ml PET bottles.Speaking on the development, the Executive Secretary, Distillers and Blenders Association of Nigeria (DIBAN), Mr John Ichue, said, “25 companies are affected, with an investment outlay of over N800 billion.“Most of the money was borrowed from banks. And many of the companies have stocks that will last for more than two years.”