The Senate has approved a new taxation framework for sugar-sweetened beverages, a move lawmakers say will strengthen public health financing, reduce excessive sugar consumption and provide additional resources for healthcare services targeting vulnerable Nigerians.
The decision followed the adoption of the report on the Customs, Excise Tariff and related amendments bill presented by the Joint Committee on Finance and Customs, Excise and Tariff during plenary on Wednesday.
Presenting the report, Sani Musa, chairman of the Senate Committee on Finance, said the amendment seeks to replace the current flat-rate excise duty on sugary drinks with a percentage-based levy linked to retail prices.
According to the committee, the existing “N10-per-litre excise duty has been significantly eroded by inflation,” limiting its effectiveness as both a public health measure and a revenue-generating tool.
“The current excise duty of N10 per litre on sugar-sweetened beverages has been significantly eroded by inflation and is no longer
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