News
Tobacco tariff hike: Senator Sani disagrees with colleagues
Senator Shehu Sani, representing Kaduna Central senatorial district in the National Assembly has expressed his disappointment with his colleagues at the Senate over their decision to suspend implementation of the proposed 500 per cent hike excise tariff on alcoholic beverages and tobacco products.
It would be recall that Nigeria Government approved the increase in March and the then Finance minister, Kemi Adeosun said the upward review of the excise duty rates for alcoholic beverages and tobacco was to achieve a dual benefit of raising the Government’s fiscal revenues and reducing the health hazards associated with tobacco-related diseases and alcohol abuse.
But the senate on Tuesday directed the Nigerian Government to suspend the implementation of the proposed 500 per cent hike. The house, however, advised that a tariff hike of not more than 50 per cent should be adopted in order to boost Nigeria revenue generation.
However, in a tweet on Wednesday, Senator Sani expressed his support for the 500% hike on imported alcohol beverages and tobacco products, saying they luxuries and not necessities.
According to industry figures, Nigeria consumes 12.28 litres of alcohol a year per head.
-
Football3 days agoAfrica breaks World Cup record with seven teams in knockout stage
-
Latest6 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Comments and Issues5 days agoNorway’s Rowing Celebration Captures The Spirit Of The World Cup
-
Football4 days agoNetherlands to face Morocco, Brazil draw Japan in 2026 World Cup round of 32
-
Entertainment23 hours agoActress Cossy Ojiakor shares flooded home as heavy rainfall wreaks havoc in Lagos
-
Aviation1 week agoHeading through the storm: Multiple taxes, complex leasing drag on Nigerian carriers
-
Energy5 days agoLeaked court documents allege Shell ignored pipeline safety warnings in Niger Delta
-
Business4 days agoNAFDAC, FCCPC others partners OSOA Foods advocacy on food safety, MSME growth

