New excise duty rates on alcohol, tobacco too low – IMF

The International Monetary Fund (IMF) has said that the recently implemented excise duty rates for alcoholic beverages and tobacco products by the Federal Government of Nigeria were too low and instead should be higher to act as “a fail-proof revenue raising strategy.” The World body is recommending a 100% increase in excise duty be slapped … Continue reading New excise duty rates on alcohol, tobacco too low – IMF