
Latest News
FG imposes N10/litre excise duty on soft drinks

The federal government has introduced an excise duty of N10/litre on all non-alcoholic, carbonated and sweetened beverages.
Zainab Ahmed, minister of finance, budget and national planning made the announcement during a public presentation of the 2022 Appropriation Act in Abuja on Wednesday, January 5.
Ahmed said the excise duty was introduced in line with the Finance Act signed into law by President Muhammadu Buhari on December 31, 2021. She also added that this might discourage excessive consumption of sugary beverages which contributes to diabetes, obesity among others.
The Minister said;
“There’s now an excise duty of N10/ per litre imposed on all non-alcoholic and sweetened beverages.
“And this is to discourage excessive consumption of sugar in beverages which contributes to a number of health conditions including diabetes and obesity.
“But also used to raise excise duties and revenues for health-related and other critical expenditures.
“This is in line also with the 2022 budget priorities.”

- Latest News4 days ago
Check Out What The Man Who Resigned From The Army To Campaign For Peter Obi Just Did To His House In Gombe(Photos)
- Local news4 days ago
2023 Presidency: Sokoto On Standstill As ObiDatti Movement Makes Massive In Road In The North (Photos)
- Politics5 days ago
Obidient Couple: See Wetin Husband And Wife Wear Go Church Wey Dey Scatta Internet Upadan (Photo)
- Gist2 days ago
Married Woman And Her Lover Cry Out For Help After Getting Stuck In Each Other While Having S3x (VIDEO)
- Latest News6 days ago
IPOB Announces New Acting Leader (PHOTO)
- Latest News5 days ago
Go And Verify: Peter Obi’s Handing Over Statement Of Over 47 M USD Of Anambra Investment Funds To Obiano Surfaces Online (Photo)
- Gist2 days ago
Drama As No-nonsense Mother Catches Her Teenage Daughter At A Hotel With A Man (VIDEO)
- Latest News6 days ago
Nigerian Navy Recruitment 2022 (HOW TO APPLY)
- Latest News4 days ago
As E Dey Pain Dem Na So E Dey Sweet Us: Wike Sends Cryptic Message To Atiku / PDP (Video)
- Gist4 days ago
Hajia Bintu’s Video Got People Talking On Social Media (WATCH)
- Gist4 days ago
VIRAL VIDEO: Lady Swallows A Lemon And Makes It Come Out Her Vag!na
- Latest News4 days ago
Battle 4 2023: Warri On Lockdown As Niger Delta Obidient Movement NDOM Host National Excos (Photos)