Major players in the soft drink market have asked the national assembly to protect businesses from collapse over the N10/litre excise duty tax imposed on the industry.
They said this on Wednesday in Abuja in a meeting with the leadership of the national assembly.
In January, the federal government introduced an excise duty of N10/litre on all non-alcoholic, carbonated and sweetened beverages. The duty is contained in the finance act signed into law by President Muhammadu Buhari on December 31, 2021.
Operators in the carbonated soft drinks sub-sector of the Manufacturers Association of Nigeria (MAN) had kicked against the tax.
