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Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation (17070 Views)

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Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by ijustdey: 12:48pm On Nov 09, 2022
By Gloria Nwafor


Employers of labour in the food and beverage sector have concluded plans to leave Nigeria and relocate their factories to neighbouring West African countries over alleged outrageous excise duty on carbonated drinks and multiple taxation by the Federal Government.

The employers, who called on the Federal Government to take urgent action to save the business environment from collapsing, said relocating their factories to neighbouring countries was the next line of action, where production cost is lesser and the finished products will be brought back to Nigeria to sell, making Nigeria to be at the receiving end.

This was disclosed by workers under the umbrella of the National Union of Food Beverage and Tobacco Employees (NUFBTE), revealing the employers’ plans in separate letters to the Speaker, House of Representatives, Femi Gbajabiamila; Minister of Labour and Employment, Chris Ngige, and President, Nigeria Labour Congress (NLC), Ayuba Wabba, titled, ‘Federal Government Save Our Soul, Food Sector is Dying because of Multiple Excise Duty /Taxation’.

The union said the introduction of the excise duty has crippled the business since January this year till date.

The letters signed by President of NUFBTE, Lateef Oyelekan, called on the Federal Government to save the sector from extinction as the 10 per cent excise duty placed on carbonated drinks and excess taxation has caused the sack of over 5,000 employees in the last eight months.

Oyelekan said all the facts given by the union could be verified from the Customs officers deployed to each food factory.

According to the NUFBTE president, finished products in companies are being discarded because of their expiration and lack of purchase from customers because of product price increase.

He said: “The life span of finished products (FCMG) is six month. Over billions of products have expired and will be discarded because of the price increase of the finished products.

“Billions of naira raw materials of the products will be expiring in December and January. The production of goods daily that was formerly 12 hours per day, six days a week (Monday to Saturday) has now reduced to eight hours per day and three times a week.

“Companies that have six production lines have shut three lines down and most companies are now left with three lines to produce due to the excess percentage on excise duty and taxation. Companies are struggling to produce.”

The letter read further, “Having said that, in the past years companies like Nigeria Bottling Company, Nigeria Breweries Limited, Nestle, Seven Up Bottling Company, International Breweries, Nigeria Flour Mills to mention a few engaged Technical school holders, GCE holders, OND holders, HND holders and train them in the company’s technical training college for a year, after which they were employed. This is not the case again in recent times.

“Furthermore, each of the aforementioned companies employed close to 1000 workers in the past years, but sadly this exercise has stopped in the past two years due to the outrageous excise duty and taxation affecting the sector.”

https://guardian.ng/business-services/food-union-employers-to-relocate-factories-over-outrageous-excise-duty-taxation/

2 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Nobody: 12:50pm On Nov 09, 2022
Alright smiley
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Thortp(m): 12:50pm On Nov 09, 2022
Thanks to bubu and emilokan.
I can't imagine a man stealing money belonging to a whole state in broad day light and still want to contest for no 1 seat in a country.
SMH

91 Likes 9 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by baralatie(m): 1:02pm On Nov 09, 2022
Do these guys realize that Nigeria has an embargo at its borders!

4 Likes 2 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by mrvitalis(m): 1:10pm On Nov 09, 2022
baralatie:
Do these guys realize that Nigeria has an embargo at its borders!
Go school you no free ...

60 Likes 4 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Sonnobax15(m): 1:11pm On Nov 09, 2022
lipsrsealed
Na wa oh....

Nothing wey common man dey benefit from this present administration.......Even ordinary bread wey we dey use dash people for bakery that year,e don dey expensive so tay even to buy am now na problem undecided

Keke price don equal the price of Honda lipsrsealed.

Las las,e no go better for anybody wey dey plan to extend this administration from 2023.

55 Likes 5 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by baralatie(m): 1:17pm On Nov 09, 2022
mrvitalis:

Go school you no free ...
You are free to move your factories to Ghana if you like

5 Likes 3 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Agricmoney(m): 5:35pm On Nov 09, 2022
Hmmm



Anyway, Agriculture is life.

1 Like

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by IKBARUTEN11(m): 5:35pm On Nov 09, 2022
Nigeria is getting worse everyday

Therefore, I'm still ready to waste my vote on Peter Obi

18 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by MANNABBQGRILLS: 5:35pm On Nov 09, 2022
Initial Gra Gra.
If you make profit from our population pay your taxes or getat.
Most of y'all cannot do without our darling nation,
Stop making initial yanga abeg.

You can't eat your cake and have it!


A better Nigeria all around is all we want at [b][/b].

Slow and steady we will get to the nation of our dreams.

God bless Nigeria.

7 Likes 7 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by fastseo: 5:35pm On Nov 09, 2022
You can't access Dollar in any of the banks right now. CBN discontinued selling of fx to banks leaving those who earned money abroad through legitimate means not to be able to withdraw their money.
This is pure evil


Thomthom:
How is it evil, is it dollar the person will use to buy things in the market .. will the bank not convert the money for you.. I no understand

My brother this is inflow from domiciliary account or dollar account. I have asked bank to exchange to Naira they said no. They cannot its dollar account and against their policy , any time they are able to source for dollar they let us know.

After several years i finish school no work now i started earning outside for the past 10 years now this problem.

Is it crime to be a nigerian?

Are they not selling oil, why are they not giving banks money to clear those who brought dollars in to the country legitimately or didn't the money remit into my account legitimately?
Why must we suffer.

Other problems we face is payment of services like renewal of domain, payment of voice over artist and other people hired to solve a particular problem. Bank has deactivated this services. You cannot pay for anything.

There are thousands of Nigerians facing this challenge.. Those working on YouTube, content creators, programmers, those that write for foreign firms. Data analyst.. Just name them.

27 Likes 4 Shares

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by temitope27(m): 5:36pm On Nov 09, 2022
You go nowhere,

JAGABAN IS COMING

3 Likes 1 Share

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by aceman88(m): 5:36pm On Nov 09, 2022
It is finished!

This is getting to a hopeless level.

This is a golden opportunity on a plater for Nigerians to get things write now because if we fail to get things right this time around, we are doomed.

Vote wisely. PO

14 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Eagle360(m): 5:37pm On Nov 09, 2022
Bad policy couple with bad economy had cripple this nation and it is so unfortunate that Buhari led Administration have no solution.

For your legit data

5 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Chizillar1(m): 5:37pm On Nov 09, 2022
Ok

Production Manual for Chemical based Products like never before covering Cosmetics, Adhesives, Beverages and Food, Disinfectant, Industrial chemicals, Lubricants, Paints,Printing Inks, Stain Removers, Soaps and detergents, wood finishes etc and over 100 product formulations, processing method & Usage, Equipment & tools, quality parameter, sources of raw material, useful tips and all relevant Information.

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by nakaman: 5:37pm On Nov 09, 2022
grin as if buhari fvcken cares. Abeg Leave if una 1 leave, come back after Obi is declared President.

4 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by iiifedimma(f): 5:37pm On Nov 09, 2022
Okay
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by BarrElChapo(m): 5:38pm On Nov 09, 2022
Sad
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Zorn: 5:38pm On Nov 09, 2022
baralatie:

You are free to move your factories to Ghana if you like
No sir , that will create more unemployment na . Everything is not senseless and stupidity please.

18 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by descarado: 5:38pm On Nov 09, 2022
Buhari is in London. He want to build nucler energy.

1 Like

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by JoeRizzla(m): 5:38pm On Nov 09, 2022
Huge job loss to the country.

But whatever suits them sha

2 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by MathewOG(m): 5:39pm On Nov 09, 2022
Interesting
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Eriokanmi: 5:39pm On Nov 09, 2022
Vote APC again. Una neva see anything. They've come with their lies again. If you fall for it. OYO!

I no dey even hear sai baba again grin. Wetin happen? Somebody's darling daddy. Mannanbqgrills how far nah?

12 Likes 1 Share

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Atarakpa: 5:39pm On Nov 09, 2022
Relocate and your goods will be rejected by Nigerians. Shikina
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by MakeWeTalk: 5:40pm On Nov 09, 2022
Buhari is a curse

6 Likes 1 Share

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Houseofglam7(f): 5:40pm On Nov 09, 2022
cry
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Gracious3105(m): 5:40pm On Nov 09, 2022
And so ECOWAS?
baralatie:
Do these guys realize that Nigeria has an embargo at its borders!
Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by Thortp(m): 5:41pm On Nov 09, 2022
Let your conscience judge you
temitope27:
You go nowhere,

JAGABAN IS COMING

2 Likes

Re: Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation by unclejb2(m): 5:41pm On Nov 09, 2022
I didn't see any packet of Benson & Hedges there in the picture

Why the discrimination?

Thank God Peter is coming to turn this country from consumption to production

Peter Obi for president

6 Likes 1 Share

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