MAN Warns Of N1.9 trillion Revenue Loss Over Proposed Excise Duty

The Manufacturers Association of Nigeria (MAN) has warned that the effect of the planned introduction of excise duty on carbonated beverages may result in a N1.9 trillion revenue loss in Nigeria’s food and beverage sub-sector between 2022 and 2025. The body cautioned that the excise duty on non-alcoholic beverages may cause output to shrink by … Continue reading MAN Warns Of N1.9 trillion Revenue Loss Over Proposed Excise Duty