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FG to reconsider 500% tariff on local beverages


The Federal Government would reconsider the 500 per cent tariff imposed on local beverages, Senator Chris Ngige, Minister of Labour and Employment said.

According to a statement signed by Samuel Olowokere, Director of Press in the ministry on Friday in Abuja, Ngige made this known when members of the National Union of Food, Beverage and Tobacco Joint Employers and Workers Association visited him in his office on a Save Our Soul mission.

According to the minister, the Federal Government will review the newly introduced 500 per cent excise duty on locally produced alcoholic beverages.

“This will save the sector from imminent collapse and forestall the consequent loss of about two hundred thousand jobs.

“You have written to the Federal Government through me that the increase in excise duty on alcohol and beverages will create job losses.

“Because once you add a new cost and pass it on, there will be consumer resistance, resulting in low patronage.

“Whereas the products coming from overseas that are being smuggled in which are cheap, will take over the market. It is a statement of fact.

FG to reconsider 500% tariff on local beverages FG to reconsider 500% tariff on local beverages Reviewed by mujeeb Olagunju on June 30, 2018 Rating: 5

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