Nigeria's $1.4bn soft drink market to slow on Excise Tax

Nigeria’s $1.4bn soft drink market to slow on Excise Tax

Most players in the industry say that the Excise Duty might cause a dip in sales and volumes

The Federal Government’s Excise Duty of N10 per litre on all non-alcoholic, carbonated, and sweetened beverages may threaten the growth of the industry that has maintained steady growth since 2016. According to a BusinessDay analysis of the off-trade sales for carbonated beverages in Nigeria by

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