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FG impose new tax increase on Cigarette

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The FG of Nigeria has imposed a new tax increase on ,,,,,,,, , according to the announcement made on Tuesday 28th June 2022 by the minister of state and health Mr Olurunnibe Mamora to decelerate the number of consumption in the country.

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According to the ministers disclosure in Abuja on Tuesday while delivering his remark at the launch of the Tobacco Control Data Initiative Dashboard.

The event was organised by the federal ministry of health in partnership with the Development Gateway – A digital and data for development initiative.

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“The Federal Government of Nigeria, with effect from 1st June 2022, commenced implementation of a new three-year tobacco tax regime which will end in 2024. This new regime increased the Ad-Valorem tax rate from 20 per cent to 30 per cent,” the minister said.

Also, he said there is a specific excise rate increase from N58 to N84 for a pack of 20 sticks which will have a continuous increase to N94 in 2023 and N104 in 2024.

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The minister said Shisha is also taxed at N3,000 per litre and N1,000 per kilogram and would increase yearly by N500.

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