CAPPA Backs FG’s Health Tax Policy, Seeks Higher Levy on Sugary Drinks
The Corporate Accountability and Public Participation Africa (CAPPA) has welcomed the Federal Government’s plan to channel excise-tax revenues from alcohol, tobacco, and sugar-sweetened beverages (SSBs) into health financing, but urged authorities to raise the levy on sugary drinks to make it more effective. At a national health-financing dialogue in Abuja, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, disclosed that a draft policy is being finalised to earmark revenues from “sin taxes” for healthcare. The proposal will soon be submitted to the Minister of Health and Social Welfare. Responding in a statement issued by its Media and Communication Officer, Robert Egbe on Monday, CAPPA said the move marks a decisive step towards addressing Nigeria’s public health crisis, with non-communicable diseases (NCDs) such as diabetes, cancer, and heart disease now accounting for nearly 30 per cent of deaths nationwide. Executive Director of CA...
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