JamzNG Latest News, Gist, Entertainment in Nigeria
On Tuesday, company responsibility and public participation (CAP) urged the federal government to increase the SSB tax from N10 per liter to at least N130 per liter to reduce the diseases related to the diet, facilitate pressure on the exposure health systems and generate so necessary internal revenues.
Cappa also urged the federal government to increase the SSB tax so that the final retail price of the sugary drinks of 20 or 30 percent or ideally 50 percent, in line with the recommendations of the World Health Organization (WHO) increases.
The executive director of Cappa, Akinbode Oluwafemi, at a round media table on Sugar Schemed Beverages (SSB), themed: “The time to increase the sugary drinks now” to Abuja also invited the government to increase the SSB tax from N10 per liter to at least N130 by letter.
Akinbode added that in N10 per liter, the current SSB tax rate is equivalent to only 1 % of the average retail price, which is at least 1,000 per liter of sugary drinks sold in the country, adding that it is too minimal to influence consumer behavior.
He said he also offers a practical way to expand the Nigeria tax space without increasing large -based taxes.
He also stated that at a time when oil revenues are volatile and public financing needs are growing, modifying consumer habits while the collection of internal resources is both efficient and fair.
“Not long ago, conditions such as diabetes, hypertension, strokes, heart disease and obesity were all rare and described as afflictions of great men and women.
“Today they are snatching our fathers, paralyzing our mothers, sending young people in the first tombs and draining the savings of a life of entire families.
“According to the WHO, the NCDs now represent 1 death out of 3 in Nigeria. They are no longer the diseases of the rich or the elderly, they are aggressively decimating our workforce, destabilizing our families and undermining national productivity,” he said.
