NIGERIAN DRINKS MANUFACTURERS FEAR IMPACT OF NEW EXCISE DUTY REGIME
April 1st, 2018
THE NIGERIAN drinks industry and trade unions have expressed opposition to planned increases in excise duty on alcohol, which will rise on June 4, with two additional planned increases in 2019 and 2020. Duties are currently low – while they are at a flat rate of 20%, this can be (and is) reduced by manufacturers claiming input costs against what they charge on their products. –
These will be replaced by variable rates for beer (including stout – popular in Nigeria), wine and spirits.
The new 2018 rates will be Nigerian Naira NGN30 per litre (USD0.08) in ...
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