The Federal Government has announced that excise duty of 10 Naira per litre will now be charged on all non-alcoholic, carbonated and sweetened beverages.
The Minister of Finance, Zainab Ahmed disclosed this today at the public presentation and breakdown of the 2022 budget in Abuja.
She asserted that the charge on beverages is a new policy introduced in the Finance Act signed into law by President Muhammadu Buhari on December 31, 2021 alongside the 2022 Appropriation Bill.
Ms Ahmed said the new ‘Sugar Tax’ was introduced to raise excise duties and revenues for health related and other critical expenditures in line with the 2022 budget priorities.
She also said it was aimed at discouraging excessive consumption of sugar in beverages, which contributed to diabetes, obesity and other diseases.
