Why Sachet Alcohol, Styrofoam Ban May Worsen Unemployment - NECA

Why Sachet Alcohol, Styrofoam Ban May Worsen Unemployment – NECA

2 months ago
1 min read

In a move aimed at curbing environmental degradation, the bans on sachet alcohol and styrofoam food packs in Nigeria have stirred up concerns about potential job losses, particularly in the real sector of the economy.

The Nigeria Employers’ Consultative Association (NECA) has sounded the alarm, emphasizing the detrimental effects these bans could have on an already fragile economy.

According to Adewale-Smatt Oyerinde, Director-General of NECA, the bans could exacerbate Nigeria’s unemployment crisis, leading to a cascade of negative consequences.

Oyerinde warns, “The consequences of these massive job losses across sectors will continue to create insecurity challenges, increase the occurrence of child labour, adversely affect the disposable income of families, erode the purchasing power of individuals, and drastically reduce the economy’s output.”

READ ALSO: Why Ban on Alcohol in Sachets Is Economic Sabotage- NECA Laments

NECA’s stance underscores the complex interplay between environmental conservation efforts and socioeconomic dynamics.

Oyerinde emphasizes that the timing of these bans, amidst economic uncertainties and escalating unemployment rates, exacerbates the potential impact on livelihoods.

In response to these concerns, NECA is calling for a reconsideration of the bans and urges stakeholders, including the National Agency for Food and Drug Administration and Control (NAFDAC), to engage in dialogue with relevant industry associations. The goal is to find solutions that balance environmental sustainability with economic stability, ensuring that regulatory measures do not inadvertently worsen unemployment woes.

The bans imposed by NAFDAC and the Lagos State Government are part of broader efforts to address environmental concerns, yet they have ignited debates about the trade-offs between environmental protection and economic stability. As global unemployment rates rise, with projections indicating a potential increase of two million job losses this year alone, the need for nuanced approaches to policy-making becomes increasingly apparent.

In navigating these challenges, striking a delicate balance between environmental conservation and socioeconomic development is imperative.

NECA’s stance underscores the urgency of adopting holistic strategies that mitigate environmental harm without exacerbating unemployment and economic vulnerabilities. As Nigeria grapples with these complex issues, collaboration and dialogue among stakeholders emerge as essential tools in charting a sustainable and inclusive path forward.


MOST READ

Follow Us

Latest from Featured Posts

Don't Miss

How Exit Of 15 Multinationals From Nigeria In 3 years Affect Economy - NECA

New Expatriate Levy Policy Will Discourage Investment In Nigeria – NECA

The Nigeria Employers’ Consultative Association (NECA) has kicked