Tag Archives: Alcohol

FG mulls tariff increase on alcohol, cigarettes

The Minister of Finance, Mrs. Kemi Adeosun has recommended increasing tariff rates on alcohol and tobacco products with implications on their health effects as well as a means of raising revenue.

Adeosun added that her recommendation is in line with the implementation of the ECOWAS common External Tariff (CET), one of the instruments of harmonizing member states to strengthen its Common Market agreed upon on 25th October 2014.

Akwa Ibom State Government to start taxing alcohol consumption

The Akwa Ibom State Government has announced that alcohol consumption in hotels and beer parlours in the state would now attract tax.

This was made known to journalists in Uyo on Saturday by the State’s Commissioner for Finance, Mr. Akan Okon. He said that people who consumed alcoholic drinks would begin to pay a token as tax.