SSB Tax Bill: LCCI Warns on Potential Economic Consequences of Additional Burden on Manufacturing Sector

SSB Tax Bill: LCCI Warns on Potential Economic Consequences of Additional Burden on Manufacturing Sector

Dike Onwuamaeze

Following the passage of the Sugar-Sweetened Beverage (SSB) Tax Bill by the Senate, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concern “about the potential economic consequences of imposing additional taxes on an already challenged manufacturing sector.”

The chamber stated that, “public health interventions must be carefully designed to achieve health outcomes without imposing disproportionate costs on businesses, consumers, and the broader economy.”

The Director General of LCCI, Dr. Chinyere Almona, expressed these views yesterday in a statement on the passage of the bill.