Economic Downturn: Nigerian Breweries Raises Beer Prices for Second Time in Two Months | #NwokeukwuMascot

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The Nigerian Breweries Plc has recently announced a second price increment for its products within a span of two months, following the previous increase in February.

According to the company, the decision to implement this new price adjustment was communicated to all customers in the West Zone through a notification. The revised pricing structure is scheduled to take effect from March 15, 2024, impacting customers across the South-West region.

The rationale behind this move, as explained by Lekan Awosanya, the zonal business manager (West), is the persistent rise in input costs. The company has deemed it necessary to make this adjustment in order to offset the mounting expenses.

In a statement issued to customers, the company expressed the need for the price review due to the continued increase in input costs and the need to mitigate its impact. Any orders placed before the effective date of March 15, 2024, will be invoiced at the new prices.

Nigerian Breweries expressed its gratitude to its customers for their commitment and partnership, while also assuring dealers of ongoing support for sales and distribution.

The statement reads; “As earlier informed we will review the prices of some of our SKUs effective Friday 15th March 2024.

"This review has become necessary because of the continued rising input cost and the need to mitigate the impact.

“All open orders in our system at 00.00hrs on Friday 15th of March, 2024 will be invoiced at the new prices.” it ended.

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