– Urges House of Representatives to reject the bill
Dike Onwuamaeze
The Centre for the Promotion of Private Enterprise (CPPE) has expressed shock and deep concern over the Senate’s passage of the Sugar-Sweetened Beverage Tax Bill, which it described as anti-growth that could risk becoming a tax on production, investment and employment.
The bill as passed by the Senate proposed replacing the current flat N10-per-litre excise duty on non-alcoholic SSBs with a percentage-based levy tied to prevailing retail price of these products.
The bill also earmarked a portion of the revenue to be derived from the excise duty for health promotion and disease prevention.
