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Home Economy

NLC Rejects FG’s Tax On Carbonated Beverages

Victor Amadu by Victor Amadu
January 10, 2022
in Economy
Reading Time: 1 min read
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NLC Rejects FG’s Tax On Carbonated Beverages
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The Nigerian Labour Congress (NLC), has rejected the federal government’s proposal to increase taxes on non-alcoholic and carbonated beverages in the country. ayokinews.com reports

The NLC’s position was articulated in a statement signed by Mr. Ayuba Wabba, the organization’s President, and distributed to journalists in Abuja.

ReadAlso

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According to the federal government, the increased taxation comes as a medium to discourage sugar overconsumption, prevent obesity, and raise finances for the 2022 budget.

Nigeria Shouldn’t Be Importing Petrol – NLC

The union, on the other hand, believes that raising taxes on non-alcoholic and carbonated beverages, which is one of the features of the 2021 Finance Act, will put citizens in even more hardship.

As a result, the NLC has asked the National Assembly to amend the Finance Act as soon as possible to remove the sections that restored excise duties on non-alcoholic and carbonated beverages.

Check Also: https://edition.cnn.com/2022/01/10/business/ambani-reliance-mandarin-oriental-new-york-intl-hnk/indexhtml

Tags: Finance ActNLCTaxation
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Victor Amadu

Victor Amadu

Victor Amadu is a Nigerian Content Writer, Columnist and Editor-in-Chief of online news portal, Ayoki News.

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