Firm warns against steep tax hike on sugary drinks

A Lagos-based policy and investor-relations firm, ThinkBusiness Africa, has advocated an evidence-based assessment of Nigeria’s proposed amendment to the Customs, Excise Tariff (Consolidation) Act. It warned that a significant increase in the tax burden on sugar-sweetened beverages could raise consumer prices and production costs without delivering commensurate public health outcomes. This was contained in a

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