The Nigerian Senate has enacted a significant revision to the taxation framework for sugar-sweetened beverages. The previous flat excise duty of ₦10 per litre has been replaced with a price-based tax system, which is expected to adjust the tax rate according to the retail price of the beverages. This legislative change aims to address public health concerns related to the consumption of sugary drinks while also generating increased revenue for the government. Further details regarding the implementation and specific tax rates are anticipated to be released in subsequent announcements.
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