Price Of Soft Drinks To Increase as Nigerian Customs Proposes Excise Duty
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 peop...