Drinkers of non-alcoholic drinks and carbonated products will have to pay a little more as the government has introduced
N10 excise duty per litre of all non-alcoholic and sweetened beverages.
This is part of measures to shore up revenue and address the low taxation in the country.
Speaking during a public presentation of the 2022 Appropriation Act, yesterday, in Abuja, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, recalled that the new policy which is in the Finance Act was signed into law by President Muhammadu Buhari on December 31, 2021.
According to the minister, apart from increasing revenue, the policy will also discourage excessive consumption of sugar in beverages which contributes to a number of health conditions including diabetes and obesity
