After Alcohol, Nigeria Plans To Impose Taxes On Noodles
Soon, you will have to pay more for soaps, detergents, noodles, and even toothbrushes.
This is because the federal is planning to raise the duty on those consumer goods just as it did with tobacco and cigarettes recently.
But the plan is already eliciting reactions from some concerned group such as the Lagos Chamber of Commerce and Industry, LCCI.
In a statement signed by the Director-General, LCCI, Muda Yusuf, on Sunday, the chamber expressed worry over the move to extend the new duty regime to several other basic items.
“For instance, the Nigeria Customs Service’s excise duty list on its website is inclusive of many basic and essential products such as soap and detergent, toilet papers, cleansing or facial tissue and spaghetti/noodles.
“These are products consumed largely by ordinary Nigerians. Any imposition of excise duty on these products will further aggravate the poverty situation in the country and undermine the welfare of citizens. Already, poverty incidence is well over 60% in the country.”
Yusuf noted that food inflation remains of great concern in the country.
Citing data from the National Bureau of Statistics, he noted that food inflation was 13.45% in May, as against the core inflation of 10.7%, and headline inflation of 11.6%.
He added: “Imposition of excise duty on basic items may aggravate the poverty condition in the country. Soaps and detergents, for instance, are necessities needed to maintain basic hygiene that protect citizens from preventable diseases like diarrhoea, cholera and lower respiratory infections, among others.
“These have significant health and social impacts on Nigerians.”