Nigeria To Effect Higher Taxes On Cigarettes, Shisha And Others Smoking Substances Starting From June 1

The Federal Government of Nigeria has announced that the new tax regime for tobacco will be implemented from June 1, 2022.

Director of Technical Services, Federal Ministry of Finance, Fatima Hayatu said this at a meeting with the Civil Society Legislative Advocacy Centre (CISLAC).

The Programme Manager on Democratic Governance, Okeke Anya led the organisation’s Tobacco Taxation Working Group.

Hayatu called the tobacco industry a powerful one, assuring that the ministry is committed to checkmating illicit flow of the product into the market.

She hinted that plans were underway to engage relevant stakeholders to implement a robust track and trace system.

The government is set to constitute a tobacco tax working group to study what other ECOWAS countries are doing.

The director said the taxation on a stick of cigarette was N2.90kobo but has now increased to N4.20kobo.

This followed ECOWAS recommendation of 0.02cents per stick of cigarette which, at the current exchange rate, would give N8.40kobo.

Read More: https://naijatopmost.com/nigeria-to-effect-higher-taxes-on-cigarettes-shisha-and-others-smoking-substances-starting-from-june-1/

None of my biz. I don't take none of them.

Make them no try tax their elder brother o!

Smokers will still buy so no quams.

FG should also tax mkpurumiri substance..... D east will generate $1billon as claimed by ekpa