Nigerian government to increase excise duty on alcohol, tobacco

NIGERIA – the Nigerian government has unveiled its Strategic Revenue Growth Initiative (SRGI) which will see an increase in excise duty rates from the current 5% on alcohol, carbonated soft drinks, tobacco and other goods. Speaking during the launch of the SRGI, the Minister of Finance, Mrs. Zainab Ahmed, said the implementation of the initiative…

Alcohol beverages stakeholders reject government’s proposed excise duty rate increase

NIGERIA - Stakeholders in the alcohol beverage industry declared their opposition to the recent 500% increase in excise duty rates on alcohol by the Federal Government, according to Beverage News. The stakeholders, which includes the Nigerian Labour Congress (NLC), Manufacturers Association of Nigeria (MAN), Distillers and Blenders Association of Nigeria (DIBAN), and the Association of…