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Satchets Alcohol Manufacturers Cry Out to Tinubu to Overide “NAFDAC’s Ban

The Senate, in its own wisdom, did not hear from other parties before the present situation we find ourselves in. This is, therefore, not a regulation; this is calculated economic suffocation.

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Collage : NAFDAC DG, Prof Mojisola Adeyeye; FOBTOB President, Jimoh Oyibo.

THE National Agency for Food and Drug Administration and Control (NAFDAC) ban on local production and distribution of sachets alcohol and 10cl PET bottles have started telling on the economy, according to the Food and Beverage Producers union- FOBTOB., prompting their calls for intervention by President Bola Ahmed Tinubu , his cabinet and other well meaning Nigerians, to :

“Let the factories be reopened.Let the warehouses be unsealed.Let the depots be reopened.Let regulation replace repression.Let dialogue replace destruction.Let policy replace punishment.”

Jimoh Oyibo, President of FOBTOB, at a press conference in Lagos, paints the grim pictures of the ban , barley in its two months :

” Across the country, indigenous manufacturing companies, especially factories are being shut down. Depots are being closed. Warehouses are being locked including those that contain multiple other lawful products not connected to the targeted items.

“The consequences are already visible because workers are losing their jobs daily. Families have started to loose their income, businesses collapsing, supply chains breaking, tax revenues to the Federal Government reducing,” he said.

He emphasised that above all, local investment confidence is being destroyed, and that an economy cannot survive when industries are shut down instead of regulated.

Read Also: Are The Ministers of industry Leaving Manufacturers To Face Challenges?

The speech reads:

” Gentlemen and Ladies of the press and fellow Nigerians, we address you today February 26, 2026 with deep pain, growing fear, and a heavy sense of injustice over the ongoing actions of under the leadership of Professor Mojisola Adeyeye, the Director-General.

This approach is creating widespread confusion, fear, and economic paralysis and we are compelled to ask Professor Mojisola Adeyeye the following questions.

What is her real motive behind this method of enforcement?

Why are entire facilities being shut down instead of applying controlled, targeted regulation?

Why are lawful businesses, workers, transporters, retailers, and suppliers being collectively punished?

The fact is undeniable that all stakeholders met including the House committe on alcohol of the House of Representatives, Honorable Minister of Health, Professor Mojisola Adeyeye,

The Nigerian Police, Customs, Immigration, Federal Road safety corps, manufacturers, Road transport Unions and many other representatives where this issue of alcohol intake by underaged was discussed and the general resolution was access control, massive enlightenment and educational sensitisation drive amongst other resolutions and not total ban as been carried out by Professor Mojisola Adeyeye.

While a policy document which was to serve as a National guide was being awaited, Professor Mojisola Adeyeye rushed behind everyone to approach the Senate for total ban.

The Senate, in its own wisdom, did not hear from other parties before the present situation we find ourselves in. This is, therefore, not a regulation; this is calculated economic suffocation.

children whom she claimed to be protecting are being forced out of school and embracing uncontrolled vices including forced labor or prostitution, with signs of increase in poverty and without doubt, crime risks will rise and this can be a security problem to Nigeria.

We reject the idea that total bans and mass shutdowns are solutions.

Access control is better than total prohibition.

Regulation is better than destruction.

Enlightenment is better than force.

Structured policy is better than blanket punishment.Cutting off a head is not the cure for a headache.

Dialogue is always stronger than destruction.Reform is better than repression.

Control is better than collapse.Factories are not just buildings, they are ecosystems that revolve round – Transporters who are into haulage- Raw material suppliers- Distributors- Retailers- Market women- Artisans- Warehouse operators- Support services- Logistics workers All of them are now suffering because of this policy direction.

We are therefore making this national appeal:

To the Federal Government of Nigeria

To the conscience of leadership

To the defenders of democracy

To the guardians of the economy

Please intervene and prevail on Professor Mojisola Adeyeye for a rethink

Please speak to the conscience of leadership. Stop Professor Mojisola Adeyeye before she destroy Nigeria and Nigerians.

We have no other country to call ours. 2027 elections are fast approaching and this is not the time to loose jobs.We are not criminals.

We are not kidnappers.We are not robbers.We are not extremists.We are not enemies of the state.We are workers.

We are producers.We are parents.We are taxpayers.We are citizens.

We are Nigerians.The only work we know is factory work.

The only livelihood we have is production.The only dignity we have is honest labor.We therefore appeal strongly and respectfully: .

Total bans are not the way forward.Controlled access is the way forward.Education is the way forward.Regulation is the way forward.

Partnership is the way forward.We bring this message before the press, please help circulate our pleas.

We bring it before the nation, this is a security crisis in the making.We bring it before the world, Nigeria is too volatile for another crisis.

This is our appeal.

This is our cry.This is our plea.

This is our stand.Let our industries and factories live.

Let our people work and contribute to the growth of the Nigerian economy.

Let our economy breathe, not to suffocate.”

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Obi Sees Something Good in Tinubu’s “Naira Float Policy ‘

The policy was introduced by the Tinubu administration in June 2023 as part of wider foreign exchange reforms.

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The presidential candidate of the National Democratic Congress (NDC) for the 2027 election, Peter Obi, has said he would retain President Bola Ahmed Tinubu’s naira float policy if elected president.

The policy was introduced by the Tinubu administration in June 2023 as part of wider foreign exchange reforms.

The Central Bank of Nigeria removed restrictions at the Investors and Exporters foreign exchange window, allowing the naira to trade more freely against the dollar and other major currencies

Obi made the disclosure in a public statement on air, emphasising that his administration would seek to strengthen the currency by prioritising productivity and increasing economic output rather than reversing the floating exchange-rate framework.

Asked to identify one policy of the Tinubu administration he would keep if elected, Obi said, “There’s one – the floating of the Naira. I’m not going to defend it. But I’m going to put productivity to make it more valuable to the people.”

His position means he would maintain the floating exchange-rate system while seeking to change the economic conditions that determine the strength and value of the naira.

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Dangote Refinery Buys 16m Barrels Of Nigerian Crude For October

The October supply is equivalent to about 520,000 barrels per day, representing most of the refinery’s 700,000 barrels-per-day processing capacity.

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Dangote Refinery has bought at least 16 million barrels of Nigerian crude oil for delivery in October.

Reuters reported that the 16 million barrels comprise monthly crude allocations from the Nigerian National Petroleum Company and additional volumes purchased through a tender.

The October supply is equivalent to about 520,000 barrels per day, representing most of the refinery’s 700,000 barrels-per-day processing capacity.

The increased crude purchases highlight the refinery’s rising demand for feedstock as it expands operations and moves closer to operating at a larger share of its installed capacity.

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Brent crude slid to around $106 per barrel

Top US officials reportedly warned President Donald Trump that the war could continue through the remainder of his term, which ends in January 2029.

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Brent crude slid to around $106 per barrel on Friday in a likely technical correction, but was still set to end the week sharply higher as the escalating conflict between the US and Iran fueled concerns over prolonged disruptions to global energy supplies.

Top US officials reportedly warned President Donald Trump that the war could continue through the remainder of his term, which ends in January 2029.

Meanwhile, Iranian leaders are reportedly determined to continue fighting despite mounting economic costs, viewing the conflict as an existential threat.

They also claim that Tehran has managed to rebuild its missile capabilities and could intensify attacks on US and Gulf assets if Washington escalates its own strikes.

Fighting has intensified over the past two weeks, with the US targeting Iranian oil tankers while Iran launched missiles at US warships and tankers in the Persian Gulf, as well as American assets in neighboring countries.

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