• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Sunday, July 13, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

FG plans To increase tax On Tobacco Products To 50 Percent — Official

Elanza by Elanza
April 19, 2023
in Business
0
FG plans To increase tax On Tobacco Products To 50 Percent — Official
0
SHARES
6
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Federal Government says it will increase excise tax on tobacco products from 30 per cent ad-valorem to 50 per cent as part of measures to control tobacco smoking in the country.
Dr Mangai Malau, Head, Tobacco Control Unit, non-communicable Disease Division, Federal Ministry of Health, disclosed this on Tuesday, at the National Tobacco Control Budget Advocates Meeting in Abuja.

Malau presented a paper titled “Overview of Tobacco Control Funding/Budgeting in Nigeria: Why Tobacco Control Budgeting and Funding?”

RelatedPosts

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

NNPCL Aims for Stock Exchange Listing by 2028

Naira Down to N1,565/$ in Parallel Market

He said that presently, the Federal Government imposed a 30 per cent tax on tobacco products but its target was to increase it to 50 per cent in order to meet the World Health Organization (WHO) standard.

According to him, funding for tobacco control must come majorly from taxation and there is also a need for relevant stakeholders to apply tax measures rightly if they are to address the issues of tobacco control in the country.

“In effectively controlling tobacco and tobacco products in Nigeria, funding is a critical component. The WHO Framework Convention on Tobacco Control (WHO FCTC) recognises this and clearly stipulates it in Article 26.

“It states that parties shall provide financial support in respect of its national activities intended to achieve the objective of the Convention, in accordance with its national plans, priorities and programmes.

“It is also important to state that funding is a major provision of the National Tobacco Control (NTC) Act.

ALSO READ:  One Year:Tantita Restates Commitment In Partnering Tinubu's Gov In War Against Crude Oil Theft

“Section eight of the Act, provides for the Tobacco Control Fund, which shall be used to fund tobacco control activities programmes and projects,” Malau said.

Daily Post

Tags: FGtobacco
Elanza

Elanza

Related Posts

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

by Nathaniel Irobi
July 13, 2025
0

As domestic stock market extended its positive momentum, closing higher for the seventh consecutive week, six listed Tier-1 banks added...

NNPC Ltd Refutes Viral Claims of Contaminated Fuel Sold in Bottles and Jerrycans

NNPCL Aims for Stock Exchange Listing by 2028

by Nathaniel Irobi
July 12, 2025
0

Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has announced plans for the...

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Down to N1,565/$ in Parallel Market

by Nathaniel Irobi
July 8, 2025
0

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, the...

Recommended

CBN to Raise N1.76 Trillion via Treasury Bills in Q3’25

CBN to Raise N1.76 Trillion via Treasury Bills in Q3’25

2 days ago
RE: FHA Staff Petition EFCC, Accuse Tinubu’s In – Law of Abuse of Office, Bragging About Being ‘Untouchable’

RE: FHA Staff Petition EFCC, Accuse Tinubu’s In – Law of Abuse of Office, Bragging About Being ‘Untouchable’

4 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0
  • Tinubu Orders Audit to Reform Civil Service

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (739)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,169)
  • News (8,155)
  • Opinion (299)
  • Politics (1,623)
  • Science (15)
  • Security (405)
  • Sports (437)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform