Excise duties hike stun manufacturers

Manufacturers Association of Nigeria (MAN) has said the Federal Government’s newly revised excise duty rates (taxes) came as a surprise to them.

In a statement on Tuesday, the association said it “came as a surprise to us because, as a major stakeholder, MAN had actively participated in the deliberations on the proposal and presented various positions from its members across all sectors, especially those directly impacted by the proposed measures.”

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