Nigeria Business Information
No Result
View All Result
Tuesday, June 28, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

Condemnation Trails FG’s Plan to Impose More Tax on Carbonated Drinks

by SAMUEL Olugbenro
January 10, 2022
in Nigeria News
Federal Inland Revenue Service - Firs

The Minister of Finance, Budget and National Planning, Zainab Ahmed, recently announced the Federal Government’s plan to introduce N10 per litre tax on carbonated drinks as a move to discourage excessive consumption of sugar in sugar which she said contributed to a number of health conditions such as diabetes and obesity.

In a statement on Monday, the Coordinator of NANS in South-West zone, Olatunji Adegboye, condemned the plan that imposing tax on soft drinks was not a way diabetes and other health-related ailment associated with consumption of sweetened beverages could be stopped.

Adegboye argued that the introduction of additional duty on the already taxed products showed the government was insensitive and was bereft of ideas to drive its internally generated revenue.

The students’ body described the planned duty as a deliberate attempt by the Federal Government to pile more miseries on the hapless citizens.

READ ALSO: FG to Lift Ban on Twitter Soon

RelatedPosts

Honeywell Flour Mills debunks liquidation rumour – Acquisition by Flour Mills of Nigeria Plc followed due process

Flour Mills of Nigeria Plc takes over Oba Otudeko’s Honeywell Group in a deal worth N80 billion

5 Reasons You Should Consider Investing in Nigeria

NANS suggested that President Muhammadu Buhari should look at how to reduce the cost of governance to free more funds for development instead of adding to the economic hardship Nigerians were being made to suffer through the planned duty.

The student’s body further stated that an administration whose major source of finance is foreign loan would be expected to remove redundant appointees and underperforming ministers who have done nothing but eating national resources.

“Holistic means to reduce the cost of governance should also be proffered, adopted and implemented.” NANS stated.

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

Tags: Nigeria news
ShareTweetShare

POPULAR

  • Individual Tin

    How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Voice Of Nigeria (VON)- Invitation For Tender/Expression Of Interest For Execution Of 2022 Capital Projects (15 Lots)

    0 shares
    Share 0 Tweet 0
  • Download List of NGO/Government Tenders with June 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • Ministry Of Mines And Steel Development- Invitation For Pre-Qualification/ Expression Of Interest (EOI) For Goods, Works And Services (20 Lots)

    0 shares
    Share 0 Tweet 0
  • Nigerian Shippers’ Council (NSC)- Invitation To Tender For Goods And Works (14 Lots)

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.