Banking Budgeting Economy News Extra Latest News Manufacturing Revenue Tax

Tobacco, Alcohol’s Excise Duty Hike Will Boost Nigeria’s Revenue By N600Bn – W/Bank

The World Bank Group on Thursday projected that hiking excise duty on tobacco and alcohol as recommended in its latest National Development Update report can increase Nigeria’s non-oil revenue by N600 billion yearly. A Senior Tax Specialist of the Breton Woods institution, Mr. Rajul Awasthi, made the forecast during a virtual discussion on domestic revenue […]