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Alcohol, Zaria

Economic implications of the new Tobacco tax policy

The Nigerian government recently reviewed the excise duty rate and structure applicable to tobacco products and alcoholic beverages. Specifically, government approved an additional N1 specific tax on each stick of cigarette (N20 per pack), which would increase to N2 per stick in 2019 (N40 per pack) and eventually N2.90 per stick in 2020 (N58 per pack) while maintaining the current 20% ad valorem rate on unit cost of production.

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