✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

CAPPA urges FG to stand firm beverage tax

The Corporate Accountability and Public Participation Africa (CAPPA) on behalf of the Sugar Sweetened Beverages Tax Coalition, has urged the federal government to stand firm…

The Corporate Accountability and Public Participation Africa (CAPPA) on behalf of the Sugar Sweetened Beverages Tax Coalition, has urged the federal government to stand firm in defending the health of the country by enacting the proposed N20/liter tax for Sugar Sweetened Beverages (SSB) into law, with immediate application from the 1st of January, 2023.

The Executive Director, CAPPA, Akinbode Oluwafemi made the call at a press briefing held in Lagos yesterday.

According to the executive director, the high calories and liquid sugar absorbed into the body from SSBs alters the body’s metabolism, affecting insulin, cholesterol and metabolites that in turn cause high blood pressure and inflammation is linked to the increasing rate of obesity and diabetes in the country. 

He said although the SSBs tax was introduced through the Finance Act in 2021, it did not come into force until June 2022, maintaining that the N10 /liter tax is still below the recommendations of WHO.

PENGASSAN blames marketers for hoarding petrol to hike price

Hit by cash crunch, Ghana suspends foreign debt payments

He said: “Considering the dangers it poses, not only in terms of health but also the financial implications, the Nigerian government must be commended for taking this bold step.

“However, for the government to achieve its mandate on reducing the cases of non-communicable diseases through the SSB tax, the minimum recommendation by the WHO is 20% tax on the final retail price of the SSB product. The current 10 Naira/liter imposed across all SSBs has easily been absorbed by the producers. Same with the proposed N20 being proposed. Even at N20 /liter, we are still behind the WHO recommendation.”

The Sugar Sweetened Beverage Tax Coalition therefore urged the government not to succumb to ‘cheap blackmail’ from the industry.

Oluwafemi urged the government to institute a sustainable legal framework, beyond the yearly Finance Act process, for SSB tax with clear timelines for attaining the WHO recommended 20% of retail price.

 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.