Manufacturers cry out as Senate bill seeks 1,200% hike in SSB excise duty

By Emma NnadozieFresh controversy has erupted over a proposed amendment to the Customs and Excise Tariff (Consolidation) Act that seeks to increase the excise duty on Sugar-Sweetened Beverages (SSBs) from the current ₦10 per litre to as high as ₦130 per litre—an effective hike of over 1,200 per cent.The bill, sponsored by Senator Ipalibo Harry Banigo, aims to replace the existing volumetric tax system with a percentage-based regime tied to retail prices. While public health ad