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Nairaland Forum / Nairaland / General / Business / Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated (40081 Views)
Food Union Employers To Relocate Factories Over Outrageous Excise Duty, Taxation / Nigerians To Pay Stamp Duty On ATM Printouts, Some Whatsapp Messages - FIRS / Alcohol Consumers, Smokers To Pay More As Federal Govt Raises Excise Duty (2) (3) (4)
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Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by ugonology(m): 7:23am On Jan 06, 2022 |
This is what you get when you spend 70% of your revenue servicing needless debts This is what happens when you plan and sign a padded budget based on unrealistic oil price expectations, This is how far we get, when even the president does not care about his country... Nigeria will continue to borrow, tax and devalue the naira, because a thief never gets enough. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Queenserah26(f): 7:25am On Jan 06, 2022 |
You can say that again and again Amotolongbo: |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 7:28am On Jan 06, 2022 |
ayo2008: I'm not in government PDP Man, nor do i support apc or your party. Don't be deceived by their propaganda. They are here to just make the nation toxic for both investors and average Nigerians. I know APC Propagandizes, but it is a statement of fact that Nigeria has a poor revenue rate, and that we use oil money to cover our blushes Anything to raise tax money, is fine by me, whether your party or the griller party. Long term, it stops us from taking more loans than we need. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by hush15: 7:31am On Jan 06, 2022 |
Amotolongbo: Nigerians are the ones doing themselves with their thick skin. This is the very reason why presidents after presidents can mess with us, afterall in their minds, las las, nothing go happen. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by murmee: 7:43am On Jan 06, 2022 |
RiceProducers:GBAM! |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by erniok(m): 7:43am On Jan 06, 2022 |
backbencher:Using malaria as case study is way off the grid. Do people die from malaria in abroad? (i.e if we are on the same page on that definition). In US, they think Bill Gates foundation on malaria is a scam because it's almost nonexistent there. Medicaid is for the poor and you are right, it doesn't cover everything and that's true definition of subsidy. I know my part and what's the part of the government. Can we really say same for Nigeria? Have you ever been to a government hospital and they tell you what %age the government is paying for? I guess not. I know private clinics that the drugs you buy from in-house pharmacy is way expensive than the one you buy from outside the hospital. So where is the subsidy again. Subsidy in the petroleum sector is not hidden so why is that of healthcare known only to those in the industry? |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Epeegee(m): 7:48am On Jan 06, 2022 |
Make kunu and zobo just dey affordable |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by puregoldsusan(f): 7:50am On Jan 06, 2022 |
With all of these, they will still borrow money. Sincerely, this looting is excessive. God of heaven! 10/Ltr is such a lot, and trust me it is going to fall down right on the costumers because definitely, the producer will shift the tax burden. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 7:55am On Jan 06, 2022 |
erniok:. Well they have a lot of viral and protozoal and bacterial dieseases there, and all of the drugs cost more than they do in NIgeria. Medicaid is for the poor and you are right, it doesn't cover everything and that's true definition of subsidy. I know my part and what's the part of the government Medicaid does not cover all the poor (if your cash earnings are above a certian level, you don't qualify) and it does not cover everything...and it does not guarantee free care for the poor...especially for many chronic conditions. Poor people have to pay a lot of money for care, even with medicaid. . Can we really say same for Nigeria? Have you ever been to a government hospital and they tell you what %age the government is paying for? I guess not. We pay a lot, but not as much as we should pay because care in this country is subsidized, it isn't free NIgeria subsidsies fuel, it doesn't mean you get fuel for free, it means you pay less than in Ghana(for example) where fuel isn't subsidized I know private clinics that the drugs you buy from in-house pharmacy is way expensive than the one you buy from outside the hospital. So where is the subsidy again. Subsidy in the petroleum sector is not hidden so why is that of healthcare known only to those in the industry? Government does not subsidize private clinics or pay them any money at all(except through NHIS/PHIS, and even then the jokes can refuse to pay the money due to the hospital because 'the condition is not covered'). Private clinics don't get any money from government. If you want subsidized care, go to a government hospital. That's why private clinics are expensive. They have to raise the money themselves, and get zero money from government. (Same reason why private universities charge fees in the millions. As Oyedepo said, about his university...Government helped by giving him some land , but that was that. No money, nothing) |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by poiZon: 7:58am On Jan 06, 2022 |
Buhari is fighting terminal illness and other diseases in Nigeria with TAX! God bless buhari. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Localmann(m): 8:03am On Jan 06, 2022 |
More suffering Who do we offend this country Check my signature incase you want to redeem any kind of gift cards with juicy rate and fast payment |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by AntiBeEmCe(m): 8:04am On Jan 06, 2022 |
backbencher: So the hardwork you referring to is voting and you came to the conclusion that I didn't vote...all by yourself? BTW, who did you vote for and what came out of it? B4 our very eyes, 2019 elections were rigged and the chief justice of Nigeria was replaced with an O'yes member. What did ur vote do? What did mine do? Pls let's not be talking ignorantly. It is what it is. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Elsueno: 8:09am On Jan 06, 2022 |
backbencher: No, it does not make sense Mr man, u and ur bosses don't even understand the situation of the people u govern, Coke, fanta & d likes are cheapest drinks currently affordable to even the poorest Nigerian. B4 ur so called Messiah came on board it costs around 60-80 naira, now it's around 120, with this tax it will go to 150... d irony about this, it's mostly the average & poor Nigerians who consume these drinks.....but large chunk of sugar related diseases doesn't even affect them, So this health excuse na wash...they should have started with alcoholic & cigrates, those have clear health implications. The government just want more money & the soft drinks sector is the most lucrative that's all |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Alfredmarine(m): 8:11am On Jan 06, 2022 |
Nonsense who all those sugary soft drink help if na only me una go stop selling them and give it out for free |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by rollywise(m): 8:24am On Jan 06, 2022 |
IPIGSRHYPO: I say see oyibo, you say see white man. Don't beat around the bush. It's nothing different from what I said. There people see their taxes at work. Government is obliged to give back what's due to the people cuz there's great regard for accountability. All because Biden said there will be no bullying in his government an officer was asked to resign his office for raising his voice on a reporter. Here even in a rape case, the political office holder will still boldly tell you he's going no where. I don't even get your line of argument cuz it's annoying me now. Or would you wanna switch nations with me? If you in I'm all gladly in |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 8:25am On Jan 06, 2022 |
Elsueno: If you don't want to pay the tax, don't drink soft drinks. Good for pocket and health. Plus there is already an alcohol and tobacco tax around. Plus sugary drinks also have clear health implications. As the conclusion of the linked article states...
Also chronic health conditions like diabetes are an increasing problem There has been an increase in the prevalence of DM in Nigeria. All regions of the country have been affected, with the highest prevalence seen in the south-south geopolitical zone. Urban dwelling, physical inactivity, advanced age, and unhealthy diet are important risk factors for DM among Nigerians. A national diabetes care and prevention policy is highly recommended. And yes, government wants money, so that it can reduce its reliance on loans. Our tax to gdp ratio is 6.4% ...whereas in Ghana and SA (SA Has a sugary drinks tax by the way)...it is around 23-25% And if PDP brought in a similar tax when in power, I would have hailed them as well. ANYTHING TO INCREASE TAX REVENUE...is fine by me, whatever the party. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by judondasylva(m): 8:26am On Jan 06, 2022 |
BeeBeeOoh:despite all these suffering most of you are clamoring for Tinubu or Osibanjo to continue to suffering. Nigerians never learn. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 8:31am On Jan 06, 2022 |
AntiBeEmCe: Your apc friends said the same thing about the 2003, 2007, 2011, elections.(in 2011, bubu boys went on rampage because they thought as you do) The truth is, Nigerians love their oppressors. LIke you, you complain about APC rigging because it isn't your party. PDP rigging never happened because they favor you As for me, I am looking at both of you and APC supporters. You are alike in many ways. That's why i can't support either of your parties GOod am. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by optm(m): 8:35am On Jan 06, 2022 |
The country is broke and the govt is looking for money by every means and in every corner but aren't willing to cut down on their salaries and allowances . Nigerians you are on your own if you like continue electing political leaders based on stupid sentiments |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by dominique(f): 8:46am On Jan 06, 2022 |
Felabrity: 0My MIL and SIL still sell their coke and fanta for N150. The gain on it has reduced but they make up for it with the sales of cheaper drinks like bigi products. A lot of Nigerian sellers are very greedy because it is very convenient to use bad government as an excuse. 3 Likes |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by erniok(m): 8:47am On Jan 06, 2022 |
backbencher: Medicaid is for all the poor in some states. By poor, the mean very low income earners and there are financial criteria for that. This is to take off the burden from government funds. When you sign on, it tells you what percentage for what illness government pays andbyes, it can be free: https://www.goodrx.com/insurance/medicaid Does this not tell you how sincere their government is? our arguement is on subsidy and I told you it doesn't happen here unlike what obtains there. I had to buy a recommended drug fro AKTH, Kano and they had only 1 and asked me to buy from the pharmacy across the road, lamco pharmacy if I remember, the price difference is only 70 naira so again where is the subsidy unlike Medicaid that government pays almost 100% of your bill depending on the ailment and criteria. To have a clearer picture of subsidy, government wants to remove subsidy in February and everyone is protesting because government pays about 50% per PMS liter. How much are they paying in the healthcare I ask again. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 8:48am On Jan 06, 2022 |
dominique: I think the industry has a recommended retail price....the only place where prices for soft drinks are inflated is in hotels and some high end eateries MY opinion though. I know Nigerians. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 9:00am On Jan 06, 2022 |
erniok: Good to know, but not every 'poor' american is on medicaid, and not every hospital accepts medicaid.... Healthcare in the US Is expensive. For more info on how bad it is see 1The 3 Reasons the U.S. Health-Care System Is the Worst 2.8 facts that explain what’s wrong with American health care 3.8 Major Problems with the U.S. Healthcare System Today I had to buy a recommended drug fro AKTH, Kano and they had only 1 and asked me to buy from the pharmacy across the road, lamco pharmacy if I remember, the price difference is only 70 naira so again where is the subsidy unlike Medicaid that government pays almost 100% of your bill depending on the ailment and criteria. Again, medicaid does not cover everyone..it covers people who are very very very poor. Also, Nigeria spends less than 2 billion dollars on healthcare for 200 million people, which is why many government hospitals cannot afford drugs. US Healthcare spending for medicaid is 671 billion dollars. for 77 million people, out of 300 million people and 4.1 trillion dollars for everyone. Nigeria budget doesn't get up to 40 billion dollars..DO THE MATH. Then the subsidized health care means government hospitals charge low for care, and because the subsidy isn't enough to cover their losses , that means they lack a lot of things. Finally, we don't pay the kind of taxes we need to pay for better. Nigeria has a tax to gdp ratio of 6.4% compared to the US 34%, plus the US has a higher GDP due to being an industrial exporter of industrial goods...unlike oil dependent Nigeria whose oil revenue cannot feed the nation... To have a clearer picture of subsidy, government wants to remove subsidy in February and everyone is protesting because government pays about 50% per PMS liter. How much are they paying in the healthcare I ask again. Enough to make you not pay 620,000 naira for an appendectomy as they do in the USA(which is the minimum..it can be as hi9gh as 33000 dollars, or even 180000 dollars.) Face it, we don't have the money, and APC is not doing enough to make more money. This tax represents some sense from them |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by AmuRubber(m): 9:04am On Jan 06, 2022 |
Amotolongbo: This is indeed the most difficult time to be a Nigerian living in Nigeria. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Epedure: 9:07am On Jan 06, 2022 |
dre11: May God bless baba Buhari |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by NGArmyTerrorist: 9:16am On Jan 06, 2022 |
NEXT LEVELS! This year never even begin! Una go hear'am Shai barber
|
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by akinsmail51: 9:32am On Jan 06, 2022 |
Perhaps, this will be an opportunity to shun carbonated drinks. 1 Like 1 Share |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Soukiss(m): 10:19am On Jan 06, 2022 |
chiedu7:who tell u .na aboki drink coka and fanta pass for this con3 1 Like |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by slowice(m): 10:24am On Jan 06, 2022 |
backbencher: You re running faster for no reason... Like I said earlier, I'm not against taxation, infact, tax money in the hands of responsible government is great gain for the people. Yes, I also know that cutting the cost of governance won't being in enough revenue but for an irresponsible government like our, that and serious fight against corruption should be the starting point. We also need to ve confidence in the people we re giving our money to... Especially knowing these guys haven't done anything to ever to help the average Nigerian live a better life..... They ve consistently made things difficult for Nigeria. Accountability comes first not more money |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 10:39am On Jan 06, 2022 |
slowice: Then take a more active part in the political process,as we all should, and don't complain about accountability to me, as I am not in government. |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by slowice(m): 10:48am On Jan 06, 2022 |
backbencher: Yes you not the government.... Just a child in a haste to speak english |
Re: Coke, Fanta Prices To Increase As FG Imposes N10/litre Excise Duty On Carbonated by Nobody: 10:52am On Jan 06, 2022 |
slowice: Anyway, i have said my say. Good morning |
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