FG earns N68 billion in 6 months from sales of beer, alcohol beverages

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Between January and June, the Nigeria Customs Service (NCS), on behalf of the Federal Government has collected about N68 billion in excise duty on beer, spirits, other alcoholic beverages and cigarettes (tobacco).

The Federation Account received N1.3 trillion in revenue from the NCS in the form of import and excise taxes, fees, and levies.

Compared to the N1.003 trillion collected during the same period last year, this indicates an increase of N289.4 billion or a 28.83 percent growth rate.

The manufactured, sale, and use of products subject to excise control, such as but not limited to beer, spirits, alcoholic drinks, tobacco, and cigarettes, are subject to an excise duty collected across the nation. ​

The Service has also stated that it will soon start collecting the new phone and data rates that Minister of Finance, Budget, and National Planning Zainab Ahmed announced

Deputy Comptroller Timi Bomodi, the service’s national Public Relations Officer, said this while presenting the service’s half-year report from January to June of this year.

Bomodi also added that the NCS had started collecting revenue from producers of carbonated and sugary drinks, which had just been added under schedule 5 of the Common External Tariff – CET

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About Samuel Abasiekong 883 Articles
Samuel Abasiekong, Senior Journalist, Newspaper Publisher, Author of many literature text books, French-English, English-French languages Translator and Interpreter, Multi-sectoral Counsellor & Consultant, National Convener of National Public Interest Group - NPIG, Secretary Uyo Division of the Nigerian Red Cross Society, News Editor & Reporter @ 9News Nigeria www.9newsng.com www.facebook.com/9NewsNG

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