Ola ‘Kiya, Reporting It appears the Federal Government (FG) and looking for alternatives to source for finance by imposing Excise Duty of N10/litre on all nonalcoholic, carbonated and sweetened beverages. However, the reason the FG advanced for this decision is “to discourage excessive consumption of sugar in beverages which contributes to diabetes, obesity.” Whereas, Nigerians believe strongly that the real reason for the action is that the FG is broke and all out to improve its depleting revenue base in order to fund the 2022 budget. The excise duty implies that consumers of soft drinks and their like are likely … Continue reading Do You Live in Nigeria, FG Says You’ll Pay More For Soft Drinks, Other Beverages