Soft drink prices up 33% on sugar tax

Experts commend government for suspending proposed increases in excise duty rates

The Federal Government’s newly introduced excise duty of N10 per liter on all non-alcoholic, carbonated and sweetened beverages, often called sugar tax, has driven up the retail price of soft drinks by 33.3 percent, from N150 to N200 per 50cl bottle, BusinessDay enquiries show. The new increase

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```