Nigerians to pay more for beverages as FG enforces N10 per litre sugar tax

The N10 per litre sugar tax was introduced in the Finance Act which was signed into law by President Muhammadu Buhari on December 31, 2021.

Nigerians to pay more for drinks in 2022 as FG plans to increase tax on carbonated drinks. (Eatthisnotthat)

Chief Superintendent of Customs, Department of Excise, Free Trade Zone, and Industrial Incentives, Dennis Ituma made this known while speaking at a Policy Breakfast meeting in Abuja last week.

The event was organised by the National Action on Sugar Reduction (NASR) to look into the introduction and implementation of tax and other interventions to reduce the consumption of Sugar-Sweetened Beverages (SSBs) in Nigeria.

Ituma said the policy was implemented on Wednesday, June 1, 2022.

The N10 per litre sugar tax was introduced in the Finance Act which was signed into law by President Muhammadu Buhari on December 31, 2021, alongside the 2022 Appropriation Bill.

Ituma said, “The N10 per litre of Sugar-Sweetened Beverages has been implemented on June 1, by July 21, all excise duties must have been collected and paid into the federation account.

“It should interest you that taxation on SSBs was a policy of the Federal Government in 1984 but was stopped in January 2009.

“Previously both SSBs, alcoholic drinks and tobacco were all taxed until 2009 when SSBs was removed from taxable beverages.

“Only alcoholic drinks and tobacco generates N414 billion, SSBs will further increase the revenue generated from drinks.

The FG is bent on the implementation of the tax despite pleas by the Manufacturers Association of Nigeria (MAN) and some related stakeholders.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Alibaba drags certain Nollywood actresses over their source of wealth

Alibaba drags certain Nollywood actresses over their source of wealth

Lady calls out Thomas Partey on social media over Rape Allegations [Receipts]

Lady calls out Thomas Partey on social media over Rape Allegations [Receipts]

'He knows the truth' - Lady reveals more amid Thomas Partey's rape allegations

'He knows the truth' - Lady reveals more amid Thomas Partey's rape allegations

INEC replies Davido for questioning delay of  Adeleke's Certificate of Return

INEC replies Davido for questioning delay of Adeleke's Certificate of Return

Kim Kardashian and Pete Davidson split after 9 months of dating

Kim Kardashian and Pete Davidson split after 9 months of dating

Reactions as Thomas Partey is accused of rape by girlfriend

Reactions as Thomas Partey is accused of rape by girlfriend

'My God will punish you' - Nigerians react as referee gives Super Falcons 2 red cards in penalty loss to Morocco

'My God will punish you' - Nigerians react as referee gives Super Falcons 2 red cards in penalty loss to Morocco

Jules Kounde: Sevilla break silence on why Chelsea lost to Barcelona

Jules Kounde: Sevilla break silence on why Chelsea lost to Barcelona

ASUU declares continuation of strike, clears rumours of suspension

ASUU declares continuation of strike, clears rumours of suspension