The Minister of Industry,Trade and Investment, Otunba Niyi Adebayo, has stated that the ministry is working on a national policy on beer production.
The minister was represented by the Deputy Director for the Agro-Allied Division of the industrial Development Department, Mrs Olumuyiwa Ajayi Ade during the Launch of the SMASHED project in Abuja by the Beer sector Group of the Manufacturers Association of Nigeria.
He said, “My ministry is in the process of developing a national policy for the sector because of the contribution of the industry to the nation’s GDP, job opportunities, wealth generation along its value chain”.
“We are therefore, inviting inputs from all relevant stake-holders in order to have a holistic policy for the sector”.
According to the Worldwide Brewing Alliance’s, It was reported in March this year that the beer sector contributed $2.2bn to the Nigeria economy in 2019.
The report also stated that the global beer sector sustained over 309,000 jobs in Nigeria in 2019, which was equivalent to 0.4 per cent of national employment.
It was stated that the global beer sector supported $526m in tax revenues in Nigeria in 2019, which was 1.7 percent of government revenue.
The BSG launched the SMASHED project to discourage underage consumption of alcohol and reduce the incidence of alcohol related harm among teenagers.
Earlier, the chairman of BSG and the CEO of Guinness Nigeria Plc., Baker Magunda, stated that the project is intended to empower young people to make the right choice.