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Nigeria can earn N600bn from tobacco, alcohol tax hike – W'Bank

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Amarachi Orjiude and Sami Olatunji, Abuja
Published 25 June 2021
Amarachi Orjiude and Sami Olatunji, Abuja
Published 25 June 2021
The World Bank has said Nigeria can generate N600bn annually by increasing the excise duties on tobacco and alcohol as recommended in the National Development Update report.
A Senior Tax Specialist of the bank, Rajul Awasthi, said this on Thursday at a virtual discussion on domestic revenue mobilisation.
According to him, Nigeria has one of the lowest excise duty rates on tobacco and alcohol in Africa, and the duty rate on cigarettes is lower than the standard set by the Economic Community of West African States. ....

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Press focuses on President Buhari's medical trip to UK, others

Press focuses on President Buhari's medical trip to UK, others
apanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apanews.net Daily Mail and Mail on Sunday newspapers.

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Distinction Energy Corp. Announces Closing of Strategic Simonette Asset Acquisition

Distinction Energy Corp. Announces Closing of Strategic Simonette Asset Acquisition
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

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Pakistan's Tax-to-GDP Ratio Raises Alarms Among Tax Experts

World Bank’s Senior Tax Specialist, Sebastian James, has pointed out that Pakistan’s tax-to-GDP ratio dropped below average during the last two fiscal ....

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