Home Business FEDERAL GOVERNMENT TO INCREASE TAX ON TOBACCO PRODUCTS TO FIFTY PERCENT.

FEDERAL GOVERNMENT TO INCREASE TAX ON TOBACCO PRODUCTS TO FIFTY PERCENT.

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The Federal Government says it will increase excise tax on tobacco products from thirty per cent ad-valorem to fifty per cent, as part of measures to control tobacco smoking in the country.

The Head of Tobacco Control Unit, Noncommunicable Disease Division of the Federal Ministry of Health, Doctor Mangai Malau, disclosed this at the National Tobacco Control Budget Advocates Meeting, in Abuja.

Malau presented a paper titled “Overview of Tobacco Control Funding/Budgeting in Nigeria: Why Tobacco Control Budgeting and Funding?

He noted that the Federal Government imposed thirty per cent tax on tobacco products but its target was to increase to fifty per cent in order to meet the World Health organization standard.

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