The National Action on Sugar Reduction (NASR), a coalition of non-governmental organisations advocating for policy measures to curb health challenges in consuming sugar-sweetened beverages, has urged the Federal Government to increase tax on sugar beverages from N10 to N30. A representative of the group, Mr. Edozie Chukwuma, was quoted by the News Agency of Nigeria […]
The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. The Executive Chairman of the FIRS, Muhammad Nami, was quoted in a statement […]
The Nigerian National Petroleum Company Limited (NNPC) on Wednesday presented a projected N3 trillion subsidy cost for 2022 financial year to the Federal Executive Council (FEC) for approval following the Federal Government’s decision to sustain fuel subsidy payment for the next 18 months. At the FEC meeting presided over by President Muhammadu Buhari, the […]
The Centre for the Study of Economies of Africa (CSEA), a leading research think-tank with primary focus on developments in Sub-Sahara African economies, has advised the Federal Government to ensure that tax revenue on carbonated drinks provided for in the 2022 Appropriation Act is deployed to the nation’s healthcare system in order to improve the […]