The Manufacturers Association of Nigeria is requesting that the Federal Government provide clarification regarding the higher excise duty on tobacco products and alcoholic beverages outlined in the 2023 Finance Act. He said there was still some confusion regarding the position of the government on the excise duty on tobacco products and alcoholic beverages. He said, “About the excise tax increase on alcoholic beverages and tobacco products. “If otherwise, I want to use this medium to plead with the President to suspend it totally because the roadmap stipulates a gradual increase in excise duty. We are willing to dialogue with the administration and see how we can support the economy without jeopardising the interest of the manufacturers.”

Source: Punch July 28, 2023 11:41 UTC