• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 23, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

MAN happy over halt in excise duty increase on beverages, tobacco

MAN

The Matters Press by The Matters Press
April 5, 2023
Reading Time: 2 mins read
0
MAN concerns over CBN’s e-invoicing guidelines, calls for 90 days extension

The Manufacturers Association of Nigeria (MAN) has lauded the Federal Government’s plan to halt the proposed increase in excise duty on alcoholic, non-alcoholic beverages and tobacco.

RELATED POSTS

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

Director-General, MAN, Mr Segun Ajayi-Kadir, made the commendation in a statement signed by Mrs Omotayo Okewunmi, Public Relations Officer, MAN, to newsmen on Tuesday in Lagos.

Ajayi-Kadir said the gesture was part of government’s commitment to the well-being of the real sector.

In 2022, the introduction of excise duty on N10 per litre on all non-alcoholic, carbonated and sweetened beverages in the country was part of a new policy introduced in the Finance Act.

Ajayi-Kadir noted that apprehensions from the proposed plan to increase excise duty necessitated a courtesy visit to the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed.

He revealed that the delegation led by MAN President, Otunba Francis Meshioye, was with outcomes that allayed the fears of manufacturers.

He said the Minister assured that the guidelines would not include the proposed increase in excise duty on beer, wines and spirits, tobacco and non-alcoholic beverage in 2023.

He said the guidelines would rather allow the excise regime to run its full course from 2022 to 2024 as programmed in the road map by the Federal Government in 2022.

“The association is gladdened by the assurances of the honourable minister that the 2023 fiscal policy guidelines and the reconsideration of the Finance Act 2023 have been concluded and would be released immediately.

“This comes as a huge relief to our members across the Federation and will signpost the administration’s support for the sustenance of manufacturing in Nigeria on this score,” he said.

Ajayi-Kadir said MAN received the understanding of government on the introduction of 0.5 per cent import surcharge to fulfill Nigeria’s obligations to the implementation of Africa Continental Free Trade Area (AfCFTA) agreement.

The MAN DG added that the association had noted government’s promised intervention on resolving the logjams in the interpretation of the Tin Plate, HS Code 7210. 12.00.00 with the Nigeria Customs Service.

According to him, from the foregoing, the association viewed the Federal Government’s move as one that will encourage manufacturers currently struggling with unprecedented low sales, foreign exchange squeeze and other challenges.

“These moves will reassure members of the administration’s respect for stakeholder’s engagement and the usefulness of public-private sector dialogue.

“As MAN continues to engage with government meaningfully on matters bordering on the nation’s economic prosperity, we look forward to improved performance of the manufacturing sector and the economy,” he said.

Tags: MAN
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Next Post
China launches first independent mission to Mars

Means of production prices fall in China

Customs generates N493.75bn in TinCan Island

Apapa Customs generates N212.6bn

Recommended Stories

Strike puts Nigeria in darkness

Nigeria’s power system debts to NDPHC hits N180bn

November 14, 2023
We have nothing to hide – NNPC

NNPC launches crude theft monitoring applications

August 12, 2022
SSANU calls for immediate implementation of over 25% salary increment

SSANU calls for immediate implementation of over 25% salary increment

October 3, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF
  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us