Stakeholders in Nigeria’s production, manufacturing and private sectors have rejected the introduction of excise tax by President Muhammadu Buhari’s administration.in the 2023 Fiscal Policy Measures of the federal government affect beverages, drinks, wine, imported vehicles, iron and steel products, domestic wine products, the tobacco industry and telecommunications services.
Director of CPPE, Muda Yusuf, in a statement on Tuesday, said tax and excise duty would exacerbate inflationary pressures detrimental to economic growth and manufacturing, construction and transportation sectors.
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