This was the view of Industry stakeholders, as they increasingly argued against the proposed increase in taxes on manufactured goods and services.
“This is the right thing to do for three basic reasons. The first reason is that globally, we are faced with an epidemic of non-communicable diseases such as diabetes, hypertension, strokes and obesity. All of these are predisposed to cancers,” he said. On his part, the Managing Director/Chief Executive Officer of Coca-Cola Nigeria, Alfred Olajide, urged caution in the implementation of the law.
He stated that Sugar manufacturers, beverages, cement, textile just to mention a few have all stories to tell on current challenges facing the sector, Also speaking, Executive Director of Flourmills Plc, Sadiq Usman said the decision tends to contradict the government’s renewed 10-year national sugar master plan aimed at supporting self-sufficiency in sugar production.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »