Prices of Coke, Pepsi, Other Beverages to Crash as FG Suspends Sugar Tax, Manufacturers React [Video]

• Manufacturers and other industry players have hailed the federal government’s decision to suspend increases in sugar tax
• The minister of finance and coordinating minister of the economy, Wale Edun, disclosed this recently
• The minister said the decision to suspend the tax is to help businesses recover and employ more people

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

Stakeholders and manufacturers in Nigeria have praised the Nigerian government’s decision to suspend the proposed increases in tax on Sugar-Sweetened Beverages (SSBs), describing the move as a lifeline for the sector.

They said this decision would reignite manufacturing growth and job creation in the industry.

FG promises to suspend sugar tax

The minister of finance and coordinating minister of the economy, Wale Edun, disclosed the government’s intention to stabilize the economy when the National Action on Sugar Reduction (NASR), a coalition of non-governmental organizations, …