Nigeria’s beer industry is back in profit after years of losses — but rising costs and new taxes could spoil the party.
Lagos, April 16, 2026 — Nigeria’s brewed products sector returned to profitability in 2025 after years of losses, Nigerian Breweries Plc has said, even as consumers continue to feel the pinch of inflation.
Board Chairman, Mrs Juliet Anammah, said in Lagos that improved pricing, premium products and stronger distribution helped the industry recover despite weak consumer spending and a slight drop in sales volumes.
She noted that while economic reforms improved key indicators, household incomes remain under pressure, limiting consumption.
Looking ahead, she warned that global shocks, rising oil prices above $100 per barrel, and proposed tax stamp policies could push up costs and slow the sector’s recovery.
“The industry is still recovering. Extra regulatory burdens may reverse recent gains,” she said.
She added that Nigerian Breweries will mark its 80th anniversary in 2026, calling it proof of long-term resilience.
Managing Director, Mr Thibaut Boidin, also said inflation and weak purchasing power continue to weigh on demand, though government’s new three-year excise framework offers some stability.
He stressed that predictable policies are key to sustaining the sector’s recovery.
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