Uncategorized

NCIC Report: A Circular Economy Approach to Plastic Waste Management in Nigeria

Executive Summary Nigeria faces a growing plastic waste crisis. The NCIC report proposes a transformative solution: a circular economy model for plastic waste management. This approach goes beyond simply reducing plastic use and offers a more sustainable and economically beneficial strategy. Key Findings: · Traditional waste management methods are ineffective in tackling plastic pollution. ·…

read more
150 150 Nigeria Business and Consumer Square

CAPPA, Sugar Sweetened Beverages (SSBs) Tax, and Fiscal Policy in Nigeria

Executive Summary The Corporate Accountability and Public Participation Africa (CAPPA) released a pivotal report on Sugar Sweetened Beverages (SSBs) in Nigeria February 2024. Using a sample size of 1200 across Lagos, Onitsha, and Kano, the report (Potential Fiscal and Public Health Effects of Sugar Sweetened Beverage Tax in Nigeria) showed the pattern of SSBs consumption…

read more
150 150 Nigeria Business and Consumer Square
A fiscal policy review of the proposed sugar-sweetened beverages tax increase
sugar

A fiscal policy review of the proposed sugar-sweetened beverages tax increase

The recent campaign by some pro-sugar tax advocates, especially the Corporate Accountability and Public Participation Africa (CAPPA), asking the federal government to consider increasing the Sugar-Sweetened Beverages (SSB) Tax from N10 per litre to N30 per litre representing a 200 percent increase has sparked a debate about its potential impact on the Food & Beverage…

read more
1920 1080 Nigeria Business and Consumer Square
Sugar Taxes in Nigeria: Unraveling the Myths, Realities, and Complexities of Public Health 
Sugar Tax Image

Sugar Taxes in Nigeria: Unraveling the Myths, Realities, and Complexities of Public Health 

Lately, the Nigerian media landscape has witnessed an upsurge in a campaign led by Olufemi Akinbode and his Corporate Accountability and Public Participation Group (CAPPA). Their mission revolves around advocating for an increase in the current 10 naira per liter tax on sweetened beverages, as stipulated in the 2021 Finance Act, to 30 naira. Their…

read more
1920 1080 Nigeria Business and Consumer Square
Nigeria’s Sugar Conundrum: A Balancing Act of Supply and Taxation

Nigeria’s Sugar Conundrum: A Balancing Act of Supply and Taxation

Recognizing the vital role of the sugar industry and the need to reduce Nigeria's reliance on sugar imports, the government in 2012, made an audacious move to boost local sugar production. This involved the strengthening of the existing sugar plants, establishing new ones, and supporting sugarcane farmers with credit, supplies, and better infrastructure.  In line…

read more
1920 1080 Nigeria Business and Consumer Square
SSB Tax: Increments Will Strain the Nigerian Economy
ssb

SSB Tax: Increments Will Strain the Nigerian Economy

Major Sectoral Groups in Nigeria comprising the Manufacturing Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), and the Nigeria Economic Summit Group (NESG) have urged the Federal Government to disregard the current campaign led by the Corporate Accountability and Public Participation Group (CAPPA) to increase the current Sugar-Sweetened (SSB)…

read more
1920 1080 Nigeria Business and Consumer Square
Oxymoron of Nigeria’s Sugar Policy: Incentivizing Supply While Penalizing Demand 
sugar

Oxymoron of Nigeria’s Sugar Policy: Incentivizing Supply While Penalizing Demand 

The pending proposal of imposing yet another sugar tax has sparked intense debates, threatening to hinder the delicate balance needed for sustainable economic revival. In the face of a fragile post-pandemic economic landscape, the implications of this potential tax levy loom large, inviting closer scrutiny of its consequences on both the public health agenda and…

read more
1920 1080 Nigeria Business and Consumer Square