New Sugar Tax backlash: Manufacturers warn of job, investment risks

Nairametrics | 09-06-2026 02:32am |

Major business groups and manufacturers in Nigeria have expressed significant concerns regarding the proposed Customs and Excise Tariff (Amendment) Bill (CETA) 2025, specifically highlighting the potential negative impact on the business landscape. They argue that the implementation of the new sugar tax could lead to job losses and deter future investments in the sector. The opposition comes amid ongoing challenges faced by businesses in Nigeria, prompting calls for a reconsideration of the legislation to avoid exacerbating the situation.

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