SSB tax threatens 33% of Nigeria's manufacturing output, 1.5 million jobs, MAN

Nigeria's manufacturing sector is bracing for potential severe economic repercussions from a proposed excise duty increase on sugar-sweetened beverages (SSBs). The Manufacturers Association of Nigeria (MAN) has issued a stark warning, stating that the levy could jeopardize approximately 33% of the country's manufacturing output and put 1.5 million jobs at risk.

MAN's caution highlights the delicate balance of promoting healthy consumption without undermining businesses. The association argues that such a tax could stifle growth and lead to significant job losses within an already vulnerable sector. The proposed measure has intensified opposition from various business groups.

The Abuja Chamber of Commerce and Industry (ACCI) has echoed these concerns, urging the government to consider the broader economic consequences. ACCI advocates for policies that promote healthy consumption while ensuring the sustainability and competitiveness of Nigerian businesses. The chamber emphasizes the need for a balanced approach that supports both public health goals and economic stability.