The Manufacturers Association of Nigeria, MAN and experts have described the moves by the Federal Government to use health reasons as justification to increase excise tax on non-alcoholic drinks.
They described the move as misleading and defies all economic logic.
This is coming barely two weeks after the Sectoral Group of the MAN raised the alarm over strong indications that the FG is planning additional 20 per cent Ad-Valorem Excise Tax on the Carbonated Soft Drinks (CSD).
They said that A coalition, the National Action on Sugar Reduction, recently staged what it termed a peaceful display in Abuja urging the government to increase taxes on sugary drinks and invest the revenue into public health.
