• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Updates

Who will save Nigeria’s economy amidst sachet ban brouhaha?

NM Partners by NM Partners
February 20, 2024
in Corporate Updates
Recession
Share on FacebookShare on TwitterShare on Linkedin

Since February 1, 2024, exactly two weeks ago, Nigerians have been thrown into another round of confusion and fear by the National Agency for Food and Drug Administration and Control (NAFDAC).

On that day, NAFDAC took, perhaps the most unpopular decision since the regulatory agency was established. Like a thunderbolt, the agency dropped the terse but insensitive statement that it had banned the manufacturing, sales and consumption of alcoholic beverage drinks in Sachets and Pet Bottles.

The fact that the news was attributed to the Director General of the Agency notwithstanding, not a few Nigerians dad dismissed the pronouncement with a wave of hand.

RelatedStories

FX rate for customs import duties rises again by N37 

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025
Steps to follow in getting a NAFDAC registration for your business in 2024

NAFDAC warns against counterfeit Herceptin cancer drug allegedly sourced from Nigeria, circulating in Ghana 

June 26, 2025

The reason for people’s indifferent reaction is clear: The timing and the economic reality. To those of us who are following the current market trend and its dynamic, NAFDAC’s position looks absurd and unachievable, given the economic implication of the proposed ban.

As the debate over the ban continues to heat the polity, I have asked myself questions and questions and questions. Did NAFDAC take into consideration over 500,000 direct and over 5 million indirect jobs that are put on the line should the ban stand?

Did NAFDAC consider over ₦800 billion worth of investment in the sector should the ban take effect? Have stakeholders in Nigeria considered the security risk the ban would fuel should it be implemented? Have we all pause and consider the colossal loss the investors in the value chain would be facing? What of the banks who gave loans to the investors? I can’t fathom an answer to any of these questions but perhaps NAFDAC could.

It’s rather sad and disappointing that a reputable government agency like NAFDAC would take such decisions that are capable of deindustrializing the country’s industrial sector. By now, I expect that the Federal Government should have advised the agency to re-think, as this is a dangerous signal to the foreign investors, as it means that any time any day, the government would wake up and pronounce a policy that is capable of jeopardizing their investments.

While I agree with NAFDAC that substance abuse is a critical issue in Nigeria, I disagree that alcohol is the chief contributor.  To me, it’s nothing but a cheap blackmail or script acting in the interest of some powerful forces in the economy. I make this conclusion because I know that NAFDAC has more to contend with in the area of regulating drugs to save Nigerians rather than taking an action that’s capable of plugging Nigeria into a more grievous economic quagmire.

As I write this, many Nigerians are dying as a result of fake drugs, with several surveys indicating that more than half of the drugs being used to treat Nigerians are fake and substandard. At various fora, debates over fake drugs have remained steadily on the front burner. As Director General of NAFDAC, the late Prof. Dora Akunyili saw the need to rid the country of the abnormal situation and faced it forthrightly. That singular act didn’t only earn her a special place in Nigeria, it became a watershed in the country’s health sector.

Unfortunately, after the exit of the former university don, none of her successors has shown interest in beaming his or her searchlight in this direction. This explains why stakeholders in the health sector celebrated the appointment of the current DG when she came on board. As the Chair of Biopharmaceutical Sciences at the same University in Illinois, who had served as Professor of Pharmaceutics and Manufacturing for over two decades at Duquesne University in Pittsburgh, PA, USA before assuming the driver’s seat at NAFDAC, expectation was high that she would be another change agent in the sector.

Contrary to expectations, the issue of fake drugs has grown unabated. Tired of the havoc the ugly situation was causing, The Punch newspaper, in its editorial comment of Saturday, February 17, 2024, concluded that Nigeria’s shambolic healthcare delivery system was under renewed attack from several fronts.

Apart from frequent outbreaks of diseases, dependence on imported medicines and the exodus of medical professionals, the newspaper pointed out that the influx of fake and substandard drugs has become a deluge, causing illnesses, disabilities and deaths in Nigeria and other West African countries.

While calling on the government to urgently reinvigorate its strategy to protect the people from the scourge of counterfeit drugs, it made reference to a report by the United Nations Office on Drugs and Crime that underscored the consequences of the influx.

It said substandard drugs kill 500,000 persons in sub-Saharan Africa each year. As many as 267,000 deaths per year, it said, are linked to falsified and substandard anti-malarial medicines, the transnational organised crime threat assessment found. In addition, up to 169,271 deaths are linked to falsified and substandard antibiotics used to treat severe pneumonia in children.

Although the newspaper admitted that NAFDAC warned of adulterated cough syrups, antibiotics and other children’s remedies in the market, it was not mentioned anywhere that NAFDAC was committed to fight the scourge to logical conclusion.

There is no-gainsaying the fact that counterfeit drugs are a deadly and growing problem globally, particularly in developing nations where supply chain security is limited, undermining progress towards meeting the UN’s Sustainable Development Goals. Nigeria’s case is dire.

According to the Punch editorial, while experts estimate that about 10 percent of drugs in circulation worldwide are fake, a report in Bayero University, Kano’s Journal of Basic and Clinical Sciences (2017) suggested that between 41 and 50 per cent of drugs in Nigeria were substandard.

To this end, the paper had recommended that stronger action was therefore needed to stamp out the menace. Apart from effective monitoring, it recommended that surveillance, testing, intelligence, and interdiction, special attention should be paid to disrupting the sources of the fake drugs, their conveyance routes, and their distribution outlets. Till this moment, no conscious effort has been made about this but NAFDAC has gotten the swagger to deal with manufacturers of alcoholic beverages, thereby putting the jobs of over 500,000 people on the line as well as frustrating collective direct investment of over five hundred billion naira (N500,000,000,000) in the Nigerian economy. Also to go with this proposed ban is indirect investments by other companies in the industry, which is well over Eight Hundred Billion naira (N800,000,000,000).

At a time Nigerians were expecting NAFDAC to send a strong message to China, India and other countries where fake products are coming into the country, that it will no longer tolerate being a dumping ground for killer medicines, the regulatory agency is up in arms with manufacturers who are doing legitimate business, licensed by the same agency. What an irony?

Though substance abuse is a critical issue in Nigeria, it’s mischievous to link it with alcoholic beverages in Sachets and Pet bottles. As things stand, I want to advise the Federal Government with all sense of patriotism to tread softly now as the firms producing alcohol in sachets employ people, pay taxes, and contribute to the economy. Is it not better to reconsider the decision to save the businesses of the manufacturers and protect several thousands of jobs that will be lost due to this ban? From the information in the public, the decision will affect at least 24 corporate organizations, majority of whom are indigenous companies with few multinationals currently operating in the industry and are manufacturing wines and spirits with over 70% local inputs.

While purportedly aimed at curbing alcohol abuse, this regulatory move is emblematic of a broader discourse that vilifies sachets, labeling them as dispensable and undesirable packaging formats.

However, against the backdrop of Nigeria’s economic challenges, sachets have emerged as an indispensable lifeline for both consumers and businesses, challenging the rationale behind the ban.

In Nigeria, a country characterized by economic volatility and widespread economic hardship, sachets serve as a critical conduit for ensuring access to essential products for millions of people.

The affordability and convenience offered by sachets make them a preferred choice among consumers, particularly those with limited purchasing power.

Whether it’s food items, personal care products, or household essentials, sachets allow individuals to buy in small, manageable quantities, stretching their limited budgets and meeting immediate needs without undue financial strain.

In conclusion, the NAFDAC ban on alcoholic beverages in sachets and pet bottles underscores a disconnect between regulatory intentions and economic realities.

While concerns about alcohol abuse are valid, scapegoating sachets overlook their instrumental role in Nigeria’s economy and society. Rather than condemning sachets outright, policymakers should recognize their economic utility and explore measures to address any associated social issues responsibly.

As Nigeria grapples with its economic challenges, sachets remain a symbol of resilience and resourcefulness, embodying the spirit of entrepreneurship and adaptation in the face of adversity.

Embracing sachets as an integral part of the Nigerian economy is not about condoning harmful practices but acknowledging their undeniable contribution to livelihoods and well-being. Ultimately, a nuanced approach that balances regulatory objectives with economic imperatives is essential for charting a sustainable path forward.


By Bitrus Yohana

Yohana, a Marketing Executive, writes from Lafia, Nasarawa State

Tags: alcoholic beverage drinksNAFDAC
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

Related Posts

FX rate for customs import duties rises again by N37 
Business News

Customs intercepts N9.23billion worth of counterfeit drugs, hands over 25 containers to NAFDAC 

July 11, 2025
Steps to follow in getting a NAFDAC registration for your business in 2024
Health

NAFDAC warns against counterfeit Herceptin cancer drug allegedly sourced from Nigeria, circulating in Ghana 

June 26, 2025
NAFDAC
Health

NAFDAC DG urges pharma-academic collaboration to boost local drug, vaccine production 

May 11, 2025
Over 25% of table water producers shut down in Ogun over multiple taxes, poor power supply – ATWAP  
Manufacturing

Over 25% of table water producers shut down in Ogun over multiple taxes, poor power supply – ATWAP  

March 24, 2025
Steps to follow in getting a NAFDAC registration for your business in 2024
Legal & Regulations

NAFDAC uncovers syndicate scamming foreign firms with fake documents

March 15, 2025
NAFDAC destroys N100 billion worth of illegal drugs seized from Idumota open drug market
Health

NAFDAC destroys N100 billion worth of illegal drugs seized from Idumota open drug market

March 9, 2025
Next Post
PZ Cussons, NGX

PZ Cussons calls extra-ordinary general meeting over negative net asset of the company

Comments 1

  1. Japa Queen says:
    February 20, 2024 at 11:14 am

    Naaa – we don’t need sachet alcohol, good move by NAFDAC.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 
  • United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 
  • Evaluating AI-Driven alerts that keep Nigerian traders ahead of market moves 

Follow us on social media:

Recent News

Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 

Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 

July 11, 2025
United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 

United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 

July 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics