Many Nigerians Can No Longer Afford Beer - Food - Nairaland
Nairaland Forum › Nairaland General › Food › Many Nigerians Can No Longer Afford Beer (17285 Views)
| Many Nigerians Can No Longer Afford Beer by DyshApp(op): 9:05pm On Feb 22, 2024 |
The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent that citizens can no longer afford to buy beer. Essaadi said this on Monday at the company's investor call following the release of its 2023 results. "It has been an unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day's work," Bloomberg quoted Essaadi as saying. NB suffered an #153bn foreign exchange loss due to the devaluation of the naira for the year ended December 2023. For the period under review, the company grew its revenue by 8.9 per cent to #599.64bn from #550.64bn. Net finance expense rose significantly by 449.7 per cent to N189.19bn, dragging the brewer to a loss of #106.31bn from a gain of N13.19bn at the end of 2022. 👉 Dyshus 3 Likes 2 Shares
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| Re: Many Nigerians Can No Longer Afford Beer by successmatters(m): 9:07pm On Feb 22, 2024 |
Na lie o Maybe Nigerian brewery products. People are still drinking Hero beer like water. 19 Likes 2 Shares |
| Re: Many Nigerians Can No Longer Afford Beer by Apus: 9:10pm On Feb 22, 2024 |
Then that's a plus. We need everyone to sober up. No room for self indulgence at this critical time. 42 Likes 3 Shares |
| Re: Many Nigerians Can No Longer Afford Beer by finallybusy: 10:08pm On Feb 22, 2024 |
Nigerians can’t afford beer, yet nobody talks about the price for a bottle. 1 Like |
| Re: Many Nigerians Can No Longer Afford Beer by christistruth01: 10:11pm On Feb 22, 2024 |
It is not a bad thing for Nigerians to give up beer But some people are so far gone that it would not be surprising to see them climbing up Palm trees to tap Palm wine instead 11 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by Ebukamatth(m): 10:28am On Feb 23, 2024 |
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| Re: Many Nigerians Can No Longer Afford Beer by tuoyoojo(m): 10:28am On Feb 23, 2024 |
There is no escaping from reality or relaxing thru beer Everyone must face the shege with their two korokoro eyes In Davido's voice...."them go feel it!"...... 55 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by yesloaded: 10:28am On Feb 23, 2024 |
| Re: Many Nigerians Can No Longer Afford Beer by Think9ja(m): 10:29am On Feb 23, 2024 |
But we can afford to carry Chioma and Yetunde for hookup, which is far more enjoyable. Them too like hookup, those two 5 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by marlow1962(m): 10:29am On Feb 23, 2024 |
Very good I wish the average Nigerian can't afford the basic necessities of life, by then when they step out, they will step out and do something that's right and beneficial to them and everybody, but for now let's keep playing the " my brother" game. 21 Likes 3 Shares |
| Re: Many Nigerians Can No Longer Afford Beer by NaijaCover(m): 10:29am On Feb 23, 2024 |
Inukwa ooooo Person Go Chop First, Before Thinking Of Beer 4 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by Nobody: 10:29am On Feb 23, 2024 |
APC has taken us back to stone age 20 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by ogododo: 10:29am On Feb 23, 2024 |
DyshApp:Sapele water dey. 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by oga028315: 10:29am On Feb 23, 2024 |
christistruth01:It is not just about the drinking of the beer but the purchasing power, Tinubu messed up big time 20 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by kerry57: 10:29am On Feb 23, 2024 |
I am happy for those women that have been pressuring and praying for their husbands to quit drinking. No need for your prayers anymore, their pockets will do the prayers to them and hence ur testimonies o ye women shall be full in this period. Amen 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by Mrchippychappy(m): 10:29am On Feb 23, 2024 |
Buy guinea corn and leave it to ferment. Made in Nigeria Brukutu Buy made in Nigeria Reno say so. Tinubu till infinity 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by T2Justman(m): 10:30am On Feb 23, 2024 |
X |
| Re: Many Nigerians Can No Longer Afford Beer by iwaeda: 10:30am On Feb 23, 2024 |
DyshApp:Pelebe is not available too, APC giving no joy to their supporters. Ebi pa won. Ohungbe tun gbe won oo  4 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by bouncin04(m): 10:30am On Feb 23, 2024 |
I don't condone the inflation but most Nigerians not being able to afford beer is good riddance with its own silver lining . IYKYK. 5 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by slaawomirr: 10:31am On Feb 23, 2024 |
Damnnn niggar Tinubu will kill us 1 Like |
| Re: Many Nigerians Can No Longer Afford Beer by PheelzAlmighty: 10:31am On Feb 23, 2024 |
Beer is haram... Tinubulation chapter 1 vs 5  1 Like 2 Shares |
| Re: Many Nigerians Can No Longer Afford Beer by T2Justman(m): 10:31am On Feb 23, 2024 |
If them like make them sell 1 bottle for 5k we go dey buy am for crate sef 5 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by faceland: 10:31am On Feb 23, 2024 |
One bottle of beer can NOT make you high or drunk and it is almost a thousand naira. It is better you take strong drink or upgrade to non liquid drugs (in this economy). Where I live, only matured old men drinks. It is not a sustainable habit. 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by Whatisurproblem(m): 10:31am On Feb 23, 2024 |
Beer is even bitter 4 Likes 2 Shares |
| Re: Many Nigerians Can No Longer Afford Beer by veekid(m): 10:31am On Feb 23, 2024 |
If you see anyone drinking beer now, na to call EFCC 9 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by TUTU147: 10:32am On Feb 23, 2024 |
Na lie, come to refinery road for warri men Mount seriously.No body fit stop drinking for this side,na the only way out of the stress of the government, work, and family. 2 Likes 1 Share |
| Re: Many Nigerians Can No Longer Afford Beer by seunayantokun(m): 10:32am On Feb 23, 2024 |
Why are you posting this story again? 2 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by blackmantis: 10:32am On Feb 23, 2024 |
Who said so? People who drink will drink. 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by Draslo(m): 10:32am On Feb 23, 2024 |
We'd still drink it. Just downsize a little bit 2 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by Nobody: 10:32am On Feb 23, 2024 |
make dem dey play I still drink 3 Heineken can beer yesterday 5 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by OceanEye: 10:33am On Feb 23, 2024 |
Lol. If what your problem is this time around is beer, my brother you have no problem at all. 3 Likes |
| Re: Many Nigerians Can No Longer Afford Beer by TUTU147: 10:34am On Feb 23, 2024 |
marlow1962:Drinking doesn't stop one from doing something meaningful. 4 Likes |
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