• About
  • Advertise
  • Contact
Sunday, July 6, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Manufacturers Of Carbonated Drinks Fume, Accuse Customs Of High-Handedness

Vital News by Vital News
October 4, 2022
in Business
0
Share on FacebookShare on Twitter

Lagos – Makers of carbonated drinks in Nigeria have threatened to shut down operations due to the high-handedness of the Nigeria Customs Service.

The manufacturers said the stringent measures imposed by Customs over the sugar tax by the Nigerian government are harsh.

The operators said due to the recent developments they might shut down operations as they cannot meet the conditions of the Customs.

The MSMEs stated that it would cost a manufacturer of soft drinks about N4.8 million yearly to complete the registration process and abide by other mandatory charges imposed by the Nigeria Customs Service.

Manufacturers are required to provide accommodation, allowance to Custom officers

RelatedStories

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

13 Years After Existence, Kwara Dissolves Harmony Holdings

President Tinubu Signs Tax Reform Bills Into Law

According to a report by the Punch, an ex-president of the Nigeria Association of Small Scale and Industrialists, Segun Kuti-George, said the federal government was wrong to impose the N10/litre tax on carbonated drinks for manufacturers across the spectrum.

Kut-George said while big firms can afford the tax, almost all MSMEs producing carbonated drinks would go out of business under the current regime going by the demands of the Nigeria Customs Service.

He said Nigeria Customs is saying they will attach a Customs officer to every manufacturer, saying the process has already begun.

He said that manufacturers must register with Customs with N2 million and provide an office and accommodation for the officer attached to each manufacturer with a sitting room, toilet and Kitchen.

They are also required to provide room furniture and fitting at the cost of N1 million.

Kuti-George said that the manufacturers would also provide transport and feeding costs of N1500 daily for 26 days monthly.

He said that manufacturers must sign an N220,000 bond with Nigeria Customs estimated at almost N5 million annually.

There have been reports that many MSMEs are already shutting down operations due to the high-handedness of Customs officers and surging costs of operations and production.

The manufacturers appealed to the Nigerian government to intervene before operators leave the business.

It is gathered that three months after implementing the federal government’s N10 per litre excise duty on all non-alcoholic, carbonated and sweetened beverages, soft drink manufacturers have devised coping mechanisms, including an increase in prices.

According to reports, despite initial opposition against the policy in the 2021 Finance Act, the concerned manufacturers have placed the additional cost on consumers by increasing the prices of their products and have begun remittances to the federal government.

The policy started on June 1, 2022. (Punch)

Tags: carbonatedCustomsDrinksthreat
Previous Post

Lagos Civil Servants To Get Salary Increase

Next Post

PSC Dismisses 7 Police Officers, Demotes 10 Others For Gross Misconduct

Vital News

Vital News

RelatedStories

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC
Business

Kogi Enterprises Devt. Agency Moves To Boost Growth Of MSMEs, Signs MoU With CAREC

July 3, 2025
Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX
Business

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

June 26, 2025
Kwara To Administer Drug Test On 1,800 Newly Recruited Teachers
Business

13 Years After Existence, Kwara Dissolves Harmony Holdings

June 26, 2025
President Tinubu Signs Tax Reform Bills Into Law
Business

President Tinubu Signs Tax Reform Bills Into Law

June 26, 2025
2024 Trading Year : Dangote Cement Pays N502.6Billion Dividends To Shareholders
Business

Dangote Cement EBITDA Hits Over N1trillion, Shareholders Smile Home With N30 Dividend Per Share

June 25, 2025
Next Post

PSC Dismisses 7 Police Officers, Demotes 10 Others For Gross Misconduct

Police To Investigate Mysterious Death Of 9 Family Members In Kogi

ASUU Splits As FG Recognises CONUA, NAMDA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Former NUJ National Secretary, Jola Ogunlusi, Dies At 91

Former NUJ National Secretary, Jola Ogunlusi, Dies At 91

3 months ago

Reps ask CBN to enforce use of N2, N1, 50 kobo as legal tender

3 years ago
Nigeria’s Inflation Rises To 21.82 pct

Nigeria’s Inflation Jumps To 21.91pct

2 years ago

Incitement Against Ogun SSG : Police Nab Fleeing Lawyer

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

CAF President Mourns Peter Rufai, Says Dodo Mayana Will Forever Live In Our Hearts

Protest As Imam Was Caught Raping 8-Year-Old Girl Inside Osun Mosque

FBI On Trail Of Nigerian National, Ehiremen Aigbokhan, For Diverting N460million Donald Trump’s Inauguration Fund

Train Service : Lagos – Kano Narrow Gauge Restoration To Reach Offa December – NRC

Ahead 17th BRICS Summit, President Tinubu Arrives In Rio De Janeiro

President Tinubu Celebrates Olubadan, Oba Owolabi Akinloye Olakulehin @90

Trending

NDLEA Intercepts Saudi, UK-bound Cocaine Consignments, Arrest Husband, Wife, Two Daughters For Running Drug Ring
Crime

NDLEA Intercepts Saudi, UK-bound Cocaine Consignments, Arrest Husband, Wife, Two Daughters For Running Drug Ring

by Vital News
July 6, 2025
0

The National Drug Law Enforcement Agency (NDLEA) says it has intercepted cocaine consignments being smuggled to the...

145 Dead As Lassa Fever Ravages Ondo, Bauchi

145 Dead As Lassa Fever Ravages Ondo, Bauchi

July 6, 2025
President Tinubu Orders Army To Crush Terrorism, Insurgency

President Tinubu Orders Army To Crush Terrorism, Insurgency

July 6, 2025
President Tinubu Mourns Passing Of Peter Rufai

CAF President Mourns Peter Rufai, Says Dodo Mayana Will Forever Live In Our Hearts

July 5, 2025
Protest As Imam Was Caught Raping  8-Year-Old Girl Inside Osun Mosque

Protest As Imam Was Caught Raping 8-Year-Old Girl Inside Osun Mosque

July 5, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NDLEA Intercepts Saudi, UK-bound Cocaine Consignments, Arrest Husband, Wife, Two Daughters For Running Drug Ring July 6, 2025
  • 145 Dead As Lassa Fever Ravages Ondo, Bauchi July 6, 2025
  • President Tinubu Orders Army To Crush Terrorism, Insurgency July 6, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

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