Soft drinks manufacturers raise prices to cope with N10/litre tax

Three months into the implementation of the federal government’s N10-per-litre excise duty on all non-alcoholic, carbonated and sweetened beverages, manufacturers have deployed coping strategies, including price increases. Despite the initial pushback against the policy contained in the 2021 Finance Act, the affected manufacturers have passed on the additional cost to consumers by increasing the prices […]

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