The Lagos Chamber of Commerce and Industry (LCCI) says Nigeria’s proposed Sugar-Sweetened Beverage (SSB) Tax Bill, which the Senate has passed, could increase pressure on manufacturers and raise costs for consumers. In separate statements reported by Vanguard, LCCI Director General Dr Chinyere Almona backs efforts to address public health concerns linked to sugar consumption, but argues that the tax measure may worsen existing challenges in the manufacturing sector. LCCI’s position is that the bill could translate into higher production and operating costs for companies, which may then be passed on in higher prices at the point of sale. While the statements focus on potential economic impacts, they do not dispute the health objective of reducing consumption of sugar-sweetened drinks. Overall, the outlet reports that LCCI is urging consideration of how the policy would affect industry viability, pricing, and the broader manufacturing environment, even as lawmakers advance the bill to respond to public health concerns.
LCCI warns Nigeria’s proposed sugar-sweetened beverage tax may burden manufacturers
The Lagos Chamber of Commerce and Industry (LCCI) says Nigeria’s proposed Sugar-Sweetened Beverage (SSB) Tax Bill, which the Senate has passed, could increase pressure on manufacturers and raise costs...
- The Senate has passed a Sugar-Sweetened Beverage (SSB) Tax Bill.
- The Lagos Chamber of Commerce and Industry (LCCI) warns the tax could increase burdens on manufacturers.
- LCCI says the measure may raise costs for manufacturers and potentially consumers.
- LCCI supports addressing public health concerns related to sugar consumption.
- LCCI’s concerns focus on economic and pricing impacts rather than the health goal.
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has warned that the passage of the Sugar-Sweetened Beverage (SSB) Tax Bill by the Senate could worsen challenges facing Nigeria’s manufacturing sector. In a statement yesterday, Director General of LCCI, Dr Chinyere Almona, while expressing support for efforts to address public health concerns associated with […] The post Sugar tax’ll worsen manufacturers’ plight — LCCI appeared first on Vanguard News.
17 hours agoBy Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern that the proposed Sugar-Sweetened Beverage (SSB) Tax Bill passed by the Senate could increase costs for manufacturers and consumers. In a statement on Monday, the Director-General of the LCCI, Chinyere Almona, said while efforts to address public health concerns linked to […] The post Sugar Tax May increase pressure on manufacturers — LCCI appeared first on Vanguard News.
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