Foremost experts in Tax, Fiscal Policy, and Economics have commended the Federal Government on its recent indication to suspend the proposed increases in excise duty rates on tobacco, alcoholic and non-alcoholic beverages as part of the 2023 Fiscal Policy Measures and Tariff Amendments.
Taiwo Oyedele, head, Tax and Fiscal Policy at PricewaterhouseCoopers (PwC) Nigeria, in a statement lauded the federal government for engaging with and listening to the legitimate concerns raised by industry players and suspending the proposed increases in excise duty rates, which has generated a lot of interest among key stakeholders and the organised private sector groups.
