PRICES OF ALCOHOL AND CIGARETTES TO RISE - NIGERIAN MINISTER OF FINANCE

Nigeria's Minister of Finance, Mrs Kemi Adeosun is proposing an increased tariff got alcohol and cigarette in the country.

In a memo sent by her ministry to the office of the President, the Minister suggested that a two-part tariff be approved for tobacco products. This includes a 20 percent 'ad valorem' tariff and a specific tariff of N1 per stick to be placed on tobacco products.

Mrs Adeosun is also advocating for a specific tariff 35kobo per CL to be placed on beer and stout and N1.50k to per CL on wines and N2 on spirits and other alcoholic beverages.


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