1.5m Jobs at Risk As CETA Bill Threatens Beverage Value Chain – Report 

A new policy report by ThinkBusiness Africa warns that about 1.5 million jobs directly or indirectly dependent on Nigeria's beverage sector could be at risk under the proposed amendment to the Customs, Excise and Tariff Amendment (CETA) Bill. The report examines the bill passed by the Senate at third reading on June 4, 2026, and awaiting consideration by the House of Representatives. The bill seeks to replace the current N10-per-litre excise duty on sugar-sweetened beverages with a levy linked to retail prices, at a rate to be determined by the Minister of Finance. ThinkBusiness Africa said the shift represents a significant increase in the tax burden on beverages and could raise retail prices and production costs across the value chain.

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