https://www.youtube.com/watch?v=xiM3CzVjRh8

The Nigeria Customs Service (NCS) is proposing to collect excise duty on soft drinks, abolished in 1993 by the interim national government.

Appearing before a joint committee of the senate on finance and national planning on Thursday, Hameed Ali, comptroller-general of the NCS, said the federal government should lift the tax waivers for companies producing soft drinks within the country.

Ali argued that if companies producing alcoholic beverages and tobacco could pay taxes, those producing soft drinks could do the same.

“We have been pushing for the expansion of our own excise collection. During the (Ernest) Shonekan regime (in 1993), excise was stopped for carbonated drinks manufacturers, like Coca-Cola,” the retired colonel said.

“The only one approved for us are tobacco alcoholic beverages. The understanding then was that tobacco and alcoholic beverages affect the health of citizens and should be taxed.

“But we know that carbonated drinks are also injurious to the health of the people due to the high sugar content.

“Therefore if tobacco and alcoholic beverages companies are paying tax, the carbonated drink manufacturers should also pay.”

Ali also informed the lawmakers that revenue from import would reduce because of a number of agreements Nigeria has signed.

Customs would generate N1.2 trillion before the end of the year because it had already collected N830 billion as of the end of July, the comptroller-general said.

Also speaking at the event, Senate President Ahmad Lawan said there was need to look into why companies such as Coca-Cola do not pay excise duty.

“I don’t understand why Coca-cola for instance should not pay excise,” Lawan said.

“It is an established company all over the world and it dominates the soft drinks industry.”

SOURCE: https://www.thecable.ng/soft-drinks-to-cost-more-as-customs-proposes-excise-duty

This government is not for the people but for some vested interest

Why increase the financial burden just because you want more money to be looted

Economy-0
Power-0
Security- -10
Infrastructure-0
Completion of railway started by previous govt-50
Inflation-100

Wetin we de enjoy for this government self

Very good. Been trying to stop my addiction sef. The price increment go make me stop by force

Really,

So no more cold pepsi to quench your thirst after hustling under the Nigerian hot sun again.

That feeling though...

It's good news, it'll reduce the rate at which we get diabetes complications in the country.

These mofos will tax businesses to death, at the end they will loot all the money.

Thank God I've Just gone fruity

Lol......$1= ₦1
Audio government.
By the time this guy is done, people will understand the real meaning of "change".

We Don tire

wetin remain sef
Make una kukuma kee us na..

Zobo go come sure pass now .

Ok

Buhari is King Saul in the Bible. Nigerians are suffering and smiling. Buhari don tame noise makers. Lol this is just the beginning, 3 more years to go. By the time Buhari finish with Nigerians. No one will be able to even say something bad about is regime. He came to revenge.

Good, let's start producing locally

All those mangoes, oranges, tomatoes etc we waste can become a local bottling industry

Buhari is killing us

lolll..,



this is superstoty a life of strive and surrow,

where the fishes drown and even die of thirst


we are in for it

Buhari will ruin this country eventually. For those of u still supporting the Draconians government in place, get to know we are on the same page together. No amount of money paid to u will be enough to sustain the future of ur children and ur next generation.

Very essential, competition won't make the price rise.
Also Indirectly, it'll boast locally made soft drinks like Zobo, Kunu, soy milk and fruit extract juice.
This will boast production of such farm produce as well.

TO ME, THIS IS GOOD DEVELOPMENT

sircatherine45:


I'm not a Buharist, but if this news is true, then what you said is just the best thing i have read this morning.
More feathers to your cap!

You too chief.
A country where everything works excellently if not perfectly is what we crave for.

God bless The Federal Republic of Nigeria.

To those insulting themselves and not me , I don't know what to say to you. THIS IS MY OWN OPINION like I said. Leave me with it

Ohh

Na there wàhálà be that

Wahala dey

is it drinks that are made in Nigeria abi imported ones

good for their pockets

The only thing this government knows how to do is tax people

Someone once said, "Nigerian government keeps making it difficult for people to legitimately make money. It's like they want everyone to go into fraudulent activities."

Always remember to pray for your country. Nigeria is balancing on a knife edge. Any slight tilting, it might collapse.

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These custom workers keep cashing out steady.