• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NB Adopts Backward Integration As Import Substitution To Remain Profitable

by Sivowaku Abiodun
3 years ago
in Business
Nigerian Breweries
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Breweries (NB) Plc said, its adoption of backward integration as its primary strategy for import substitution has helped it address forex scarcity  challenge and remain profitable in difficult times.

Advertisement

At a panel session during the 2022 Employers Summit organised by the Nigeria Employers’ Consultative Association (NECA), the managing director of Nigerian Breweries Plc, Hans Essaadi, while speaking on the topic ‘Backward Integration and the Promotion of Made in Nigeria Goods,’  explained that Nigerian Breweries Plc, had invested heavily, over the years, in Research and Development (R&D) in the sorghum value chain and has delivered enormous gains, particularly with the local production of malted sorghum and malted syrup replacing the imported high maltose syrup since 2019.

He explained that the company’s local cultivation of sorghum varieties had assisted a great deal in reducing the amount of foreign exchange expended on the importation of sorghum which has impacted the cost of production for both non-alcoholic and alcoholic products in the last few years.

He stated that the success story of the cultivation of sorghum varieties could be attributed to the level of support and collaboration between the research team and the farmers, adding that, the investment has gone a long way to support livelihoods in the entire agricultural value chain.

“I am happy to inform you that we now use more sorghum varieties in our non-alcoholic drinks than in our beer. This aligns with our goal to boost our position as the proud #1 Malt Beverages & Beyond Company in Nigeria and become a reference point in sustainability and responsibility,” he said.

RELATED

The Evolution Of Betting In Nigeria: A Journey Of Growth

How To Bet Smarter In 2025

3 hours ago
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases

Global Oil & Gas Contracts Up By $7bn In Q2

7 hours ago
ADVERTISEMENT

Essaadi called on the federal government to offer more incentives to investors in the agricultural sector, particularly, players in the manufacturing industries, to enhance backward Integration, promote locally-made goods, and invariably grow the country’s Gross Domestic Product (GDP)

He also urged policymakers to consider the creation of an excise discount policy to be tied to backward Integration, particularly in agriculture.

He stated that the policy would robustly encourage backward Integration, noting that, such policy is already in place in Sierra Leone, embedded in the country’s finance act 2019, and is now reaping the benefits of such incentivised investment in agriculture.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigerian Breweries
SendShare10175Tweet6360Share
ADVERTISEMENT
Previous Post

Bauchi Court Sentences 70-yr-old Man, 2 Others To Death Over Homosexuality

Next Post

Issues Of Insecurity In West Africa, Sahel Priority For Nigeria – Buhari

Sivowaku Abiodun

Sivowaku Abiodun

You May Like

The Evolution Of Betting In Nigeria: A Journey Of Growth
Business

How To Bet Smarter In 2025

2025/08/26
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases
Business

Global Oil & Gas Contracts Up By $7bn In Q2

2025/08/26
Fadaella Foods To Capture Nigerian Market With New Products
Business

Fadaella Foods To Capture Nigerian Market With New Products

2025/08/26
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
Business

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2025/08/26
FG, Imo, NDPHC Seek Speedy Completion Of Egbema Power Plant
Business

Kano Manufacturers Engage NDPHC On Direct Power Supply

2025/08/26
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

New Law Offers N2m Medical Compensation For Uninsured Accident Victims

2025/08/26
Leadership Conference advertisement

LATEST

Derailed Train: Kaduna Gov Orders Evacuation, Treatment Of Victims

Edo Hospital Denies Complicity In Death Of Twin Babies

Delta Police Arrest Officers Caught On Video Counting Cash In Patrol Van

Abuja Excavation Site Wall Collapses, Kills Labourer

Gov Buni Flags Off 2025 Tree Planting Campaign

JUST-IN: 6 Persons Injured As NSIB Begins Probe Of Abuja–Kaduna Train Derailment

Drama As Benue Assembly Suspends Ex-Speaker Dajoh Over ‘Plot’ To Impeach Gov Alia

Nigerian Air Force Opens Recruitment For Direct Short Service

PICTORIAL: NDLEA Seizes Multi-billion Naira Canabis In Kwara

ASUU Protest Rocks UI, Emmanuel Alayande Varsity

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.