PHOTO CAPTION: L to R: Hans Assaadi (MD Nigerian Breweries), Doris Uzoka-Anite (HM Industry, Trade and Investment), Dr Rabiu Olowo (ES FRC) Sade Morgan (Head Corporate Affairs, Nigerian Breweries)
BusinessHighlight

Industry and Trade Minister promises Nigerian Breweries, business community enabling environment

She stated that the government would assist them in overcoming the current economic difficulties and creating an environment in which industries can continue to thrive

1.3k

The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, has reaffirmed the Federal Government’s commitment to support Nigerian breweries and the larger business community to enable their businesses to thrive.

She stated that the government would assist them in overcoming the current economic difficulties and creating an environment in which industries can continue to thrive.

Uzoka-Anite, the Minister, led the Ministry in a strategic meeting with Nigerian breweries where they addressed the recent temporary suspension of operations at two plants and discussed the company’s comprehensive business recovery plan.

The meeting also acknowledged the challenges faced by the communities in Awo-Omamma in Imo State and Kakuri in Kaduna State due to these suspensions.

The MD/CEO of Nigerian Breweries, Hans Essaadi, stated: “We have existed for almost 78 years and have weathered many storms in the past. We believe our Business Recovery Plan will ensure that we exist for another 78 years.”

The Minister praised Nigerian breweries’ resolve and adaptability, and he assured continued engagement to assist in their recovery efforts.

Uzoka-Anite expressed the administration’s commitment to sustaining industry and manufacturing, highlighting initiatives such as the Consumer Credit Scheme to boost purchasing power, sector-specific interventions in power and agriculture to reduce production costs, and ongoing dialogue for financial reporting with the Financial Reporting Council.

The Minister reassured stakeholders that President Bola Ahmed Tinubu is committed to fostering a stable and favourable business environment. Rest assured, things will keep getting better.”

The Ministry and Nigerian Breweries have pledged to maintain an open dialogue to address the sector’s needs and ensure robust economic health for the nation.

About the Ministry of Industry, Trade, and Investment
The Ministry of Industry, Trade, and Investment is committed to promoting sustainable industrial growth, boosting global trade, and easing investment opportunities in Nigeria.

Leave a comment

Related Articles

Breaking: Supreme Court Nullifies National Lottery Act

The Supreme Court on Friday nullified the National Lottery Act 2005 enacted...

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...

Just in: INEC presents Certificates of Return to Ondo Gov. Aiyedatiwa, deputy

The Independent National Electoral Commission (INEC) has presented Certificates of Return to...

Breaking: Senate sacks Danladi Umar, Code of Conduct Tribunal chairman  

Following proven allegations of gross misconduct and unacceptable behaviour, the Senate on...

Just in: South Africa takes over G20 Presidency from Brazil, first African nation to lead the bloc

South Africa has taken over the presidency of the G20 from Brazil,...

Tinubu submits 3 INEC REC, federal commissioner-nominees for Senate’s approval

President Bola Tinubu has sent the name of Ondo Resident Electoral Commissioner,...