The Federal Ministry of Health has expressed commitment to increase the tax on Sugar-Sweetened Beverages (SSBs) from the current rate of 10 per cent to 20 per cent. This is in a bid to combat the rising public health concerns associated with excessive sugar consumption. The ministry added that the tax would deter consumers from purchasing SSBs and, instead, encourage …

Stakeholders have urged the federal government to increase taxation on sugar-sweetened beverages (SSBs) towards achieving a 20 per cent increase in the final retail price of targeted sugary drinks as recommended by the World Health Organisation (WHO) and global health experts. They made the recommendation at a one-day Regional Stakeholders Forum on Sugar-sweetened Beverages (SSB) Tax in Enugu State organised …

A non-governmental organisations, National Action on Sugar Reduction (NASR) has urged the Federal Government to increase the taxation on sugar beverages from N10 to N30. During a sit-out in Abuja on Monday to discourage consumption, a representative of the coalition, Mr Edozie Chukwuma said that the group is sensitising the populace on the health implications of consuming sugary drinks. In …

The Minister of Communications and Digital Economy, Isa Pantami has asked telecommunication firms and other stakeholders in the sector to ignore any attempt to impose a five per cent excise duty on telecom services. According to the minister, the sector has been excluded from excise duty tax with approval from President Muhammadu Buhari, which was announced on the 21st March, …

The Nigeria Employers’ Consultative Association (NECA) has warned that any attempt by the Federal Government to increase taxes would lead to negative impacts on households, individuals, and businesses. In a statement Sunday, NECA’s Director-General, Adewale-Smatt Oyerinde said such a move would only lead to disaster for an economy struggling to stay afloat. Oyerinde was reacting to a recent recommendation by …