E-Malt.com News article: Nigeria: Planned tax stamp policy could cause 100% drop in brewers’ profits

The Managing Director and Chief Executive Officer of Nigerian Breweries Plc, Thibaut Boidin, has warned that the planned tax stamp policy by the Nigerian government could cause a 100% decrease in profits across the brewing industry and destabilise the sector, Nairametrics reported on April 19.

Speaking during the company’s 80th pre-AGM media briefing in Lagos, Boidin said manufacturers need policy predictability and fiscal stability to sustain investments and support economic growth.

According to him, while government reforms aimed at boosting revenue are understandable, some measures may create severe unintended consequences for industries already operating under difficult conditions.


19 April, 2026