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Business News of Monday, 26 October 2020

Source: nairametrics.com

End SARS: Beer Sectoral Group to support victims with N50 million

Beer Sectoral Group (BSG) Beer Sectoral Group (BSG)

The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN), has announced the creation of N50million fund to support those affected by the civil unrest spiked by the hijacked #EndSARS protests.

This disclosure was made in a statement released by BSG this morning, which was seen by Nairametrics.

The statement reads,

“Over the past few days, we have all witnessed the sad events that have taken place in our beloved country Nigeria. What commenced as a peaceful movement was overrun and became marred by violence, resulting in loss of lives and property across our nation.”

“The Beer Sectoral Group of the Manufacturers Association of Nigeria is committed to Nigeria, to the inclusivity and to the valuing of each other. We, therefore, denounce the violence that has erupted across our nation and we want to lend a hand to support those rendered vulnerable as a result of this critical social issue.”

“To this end, we hereby announce the creation of N50 million fund to support the victims and families of those affected by this crisis. BSG will be working with partner agencies to administer this fund.”

“We know that this does not bring back the lives that have been lost or undo the injustice many have suffered, but we believe it is a step towards healing our vibrant nation and reinforce our commitment to contribute to the dialogue and action which can support a better Nigeria for everyone.”

What you should know

- The Beer Sectoral Group is a group under the Manufacturers Association of Nigeria, it includes key producers in the Beer sector such as Nigerian Breweries Plc, Guinness Nigeria Plc, and International Breweries Plc.

- The Manufacturers Association of Nigeria (MAN) was established in May 1971 as a company limited by guarantee. The establishment of the Association was motivated by the desire to have a focal point of communication and consultation between industry on the one hand, and the government and the general public on the other.