FG Increases Tax On Tobacco Products To 50%

Follow us on Social Media

Social sharing

The Federal Government will be increasing the excise tax on tobacco products from 30 percent ad-valorem to 50 percent.

This was disclosed by Hthe ead of the Tobacco Control Unit, Noncommunicable Disease Division, Federal Ministry of Health, Dr. Mangai Malau, on Tuesday, April 18, at the National Tobacco Control Budget Advocates Meeting in Abuja.

Malau who presented a paper titled “Overview of Tobacco Control Funding/Budgeting in Nigeria: Why Tobacco Control Budgeting and Funding? said the tax increase is part of the federal government’s effort to control smoking.

Asides from stating that funding for tobacco control must come majorly from taxation, he added that there is also a need for relevant stakeholders to apply tax measures rightly if they are to address the issues of tobacco control in the country.

Malau said;

“In effectively controlling tobacco and tobacco products in Nigeria, funding is a critical component. The WHO Framework Convention on Tobacco Control recognizes this and stipulates it in Article 26.

“It states that parties shall provide financial support in respect of its national activities intended to achieve the objective of the Convention, by its national plans, priorities, and programs.

“It is also important to state that funding is a major provision of the National Tobacco Control Act. Section eight of the Act provides for the Tobacco Control Fund, which shall be used to fund tobacco control activitiprogramsamsand programsprogramsco use and exposure to secondhand smoke is a leading cause of mortality, morbidity, disability, and impoverishment in the world.

READ ALSO  PDP Set To Revisit Rivers State Caretaker Committee List, Disregard Former

“It is the greatest risk factor for non-communicable diseases like hypertension, stroke, cancers, diabetes, and chronic obstructive pulmonary diseases.

“Tobacco causes more than eight million deaths annually around the world, with more than seven million of those deaths as a result of direct tobacco use.

“And about 1.2 million resulting from non-smokers being exposed to second-hand smoke. Also, there is no safe level of exposure to tobacco smoke and even a brief exposure can be harmful to one’s health.

“Concerned about the threat from tobacco, Nigeria signed and ratified the WHO FCTC, in 2004 and 2005 respectively. In 2015, the National Tobacco Control Act was enacted and its Regulations were passed in 2019.”

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.

READ ALSO  State Electoral Commissions Are Governors’ Rigging Tool, Says El-Rufai

Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel

Be the first to comment

Leave a Reply