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Nigerian manufacturers want hike in excise duties reversed

The Manufacturers Association of Nigeria is calling for the reversal of hike in excise duties on beverages and tobacco as captured in the provisions of the 2023 Fiscal Policy Measures. In an interview with CNBC Africa’s Akin Obakeye, the Director General of the Association, Segun Ajayi-Kadir says the hike will stifle the businesses in the segment and adversely affect Manufacturing GDP contributions in the coming quarters if government doesn’t rescind the move.
Fri, 19 May 2023 13:28:08 GMT