Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: Renewed calls for additional sugar-specific tax, economically risky, CPPE warns
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Advertise
Have an existing account? Sign In
Follow US
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions
Home » Renewed calls for additional sugar-specific tax, economically risky, CPPE warns
Business

Renewed calls for additional sugar-specific tax, economically risky, CPPE warns

Akin Adewakun
January 22, 2026
Share
CPP LOGO on food inflation CPPE LOGO test of reform CPPE LOG CPPE LOGO on local manufacturers CPPE LOGO New Sugar Bill CPPE LOGO MPC Meeting Centre for the Promotion of Private Enterprise (CPPE) CPPE on January inflation CPPE on Nigeria’s MSMEs CPPE LOGO Domestic value addition CPPE logo sugar-specific tax Tax reform on tax reform CPPE logo 2026 Nigerian entrepreneur CPPE on living standards CPPE on excise duty fuel import duty 2025 may not be different unless Nigeria’s economy too fragile for fully deregulated CPPE Expert fault World Bank CPPE
Add as a preferred source

The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over renewed calls, in some quarters, for the imposition of additional taxes on sugar-sweetened non-alcoholic beverages,  describing the development as economically risky.

The organisation, in a statement signed by its Chief Executive Officer, Dr. Muda Yusuf, on Wednesday, noted that, while public health challenges, such as diabetes and cardiovascular diseases,  warrant urgent attention, it, however, argued that the proposition of a sugar-specific tax is misplaced and weakly supported by empirical evidence.

The Centre added that such call for sugar taxation is not adequately contextualised within Nigeria’s prevailing structural, social, and macroeconomic realities.

According to the Centre, advocacy for sugar taxation is largely driven by externally derived policy templates, particularly those associated with global health institutions.

It believed global best practice would not support sugar taxation as a sustainable or standalone solution to non-communicable diseases, especially in economies characterised by high inflation, weak purchasing power, fragile industrial recovery, and widespread poverty, such as Nigeria’s.

CPPE noted that while the nation’s food and beverage industry remains the largest and most dynamic segment of the manufacturing sector, with the non-alcoholic beverages sub-sector playing a particularly significant role, it also remains one of  the most heavily taxed and cost-pressured businesses in the Nigerian economy.

“Some of the existing fiscal obligations include: 30 percent Company Income Tax, 7.5 percent Value-Added Tax (VAT), ₦10 per litre Excise Duty, 4 percent National Development Levy on assessable profits, 4 percent FOB Levy on imported inputs, Import duties of 5–15 percent on intermediate raw materials, 0.5 percent ECOWAS Levy, Property Taxes at sub-national levels, Multiple state and Local Government levies.

“These fiscal pressures are further compounded by Nigeria’s challenging operating environment, including high energy costs, prohibitive logistics expenses, exchange-rate volatility, and elevated interest rates.

READ ALSO: Tax reform: Rigid enforcement may undermine credibility, CPPE warns

“The cumulative effect has been rising production costs, shrinking margins, subdued investment appetite, and higher consumer prices.

Notably, retail prices of many non-alcoholic beverages have already increased by approximately 50 percent over the past two years, significantly eroding affordability even in the absence of any new tax measures,” it stated.

The Centre argued that sugar taxes only deliver limited public health benefits unless embedded within broader, long-term lifestyle, behavioural, and structural interventions.

It added that  the rising incidence of diabetes and related non-communicable diseases is driven primarily by poor overall diet quality, particularly carbohydrate-heavy meals and physical inactivity and sedentary lifestyles, among others.

CPPE, therefore, urged policymakers to prioritise evidence-based, inclusive  and development-friendly alternatives, rather than punitive taxation as being canvassed in some quarters.

The organisation stated further  that introducing additional sugar-specific taxes may reverse recent industrial gains, weaken employment outcomes, and undermine the objectives of ongoing manufacturing-friendly fiscal reforms especially at a time the nation’s economy remains in a delicate recovery phase.


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


TAGGED:CPPEsugartax
Previous Article Governor Babajide Sanwo-Olu new PPA agreementsi Police band Sanwo-Olu 9th edition Sanwo-Olu AU, AFRIMA hail Sanwo-Olu, Lagos, sponsors, media partners after successful 9th edition
Next Article National Agency for Food and Drug Administration and Control (NAFDAC) logo NAFDAC begins enforcement of ban on sachet alcohol

Most Read

  • How I graduated with 5.00 CGPA — UNILORIN best graduating student
    How I graduated with 5.00 CGPA — UNILORIN best graduating student
  • UPDATED: Court sacks Uzodinma as APC senatorial candidate for Imo West
    UPDATED: Court sacks Uzodinma as APC senatorial candidate for Imo West
  • BREAKING: FG approves N70,000 monthly transport allowance for workers
    BREAKING: FG approves N70,000 monthly transport allowance for workers
  • Why we need fresh $21.7bn loan — Finance Minister
    Why we need fresh $21.7bn loan — Finance Minister
  • 4 tactics fuel attendants use to give customers less fuel
    4 tactics fuel attendants use to give customers less fuel
  • Uche Ogbodo urges women to walk away from marriages that no longer work
    Uche Ogbodo urges women to walk away from marriages that no longer work
  • JUST IN: Tinubu to depart Abuja for Makkah to pray for Nigeria
    JUST IN: Tinubu to depart Abuja for Makkah to pray for Nigeria
  • Adeleke rules out seat-sharing deal with Osun APC
    Adeleke rules out seat-sharing deal with Osun APC
  • CDCFIB recruitment reaches final stage as candidates get important notice
    CDCFIB recruitment reaches final stage as candidates get important notice
  • Abia: NAFDAC secures five-year jail term for businessman over fake olive oil
    Abia: NAFDAC secures five-year jail term for businessman over fake olive oil

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
QUICK LINKS

About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
COLUMNS

Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Empowered For Life
Festus Adebayo's Flickers
Gibbers
Intimacy
Language & Style
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
Your Life Counts

ENTERTAINMENT

Entertainment

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market

REGIONS

Niger Delta
Arewa
MORE

Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Weekend Lagos
Book Review
Education
Event Digest
Crime & Court
Ecoscope
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Arts & Culture
Arts & Reviews
Politics
Health News
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions

Add Tribune Online to your Homescreen!

Add
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?