June 9, 2026
By Yinka Kolawole
The Lagos Chamber of Commerce and Industry (LCCI) has warned that the passage of the Sugar-Sweetened Beverage (SSB) Tax Bill by the Senate could worsen challenges facing Nigeria’s manufacturing sector.
In a statement yesterday, Director General of LCCI, Dr Chinyere Almona, while expressing support for efforts to address public health concerns associated with excessive sugar consumption, said interventions should not impose undue burdens on businesses and consumers.
Almona noted that manufacturers were already grappling with high energy costs, exchange rate volatility, elevated interest rates, logistics bottlenecks, multiple taxation and weak consumer purchasing power.
