By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AnaedoOnlineAnaedoOnlineAnaedoOnline
  • Home
  • News
  • Politics
    Politics
    Show More
    Top News
    It’s Final: 12 Names on The 2025 Ballot for President, 9 for VP
    2 weeks ago
    May 29: PDP Salutes Own Governors, Hails Achievements.
    PDP Set To Prosecute Defected Imo Lawmakers
    5 years ago
    LG Poll
    PDP Presidential Ticket For 2023 Is Open To All Zones – Secondus Reveals  
    5 years ago
    Latest News
    UPDATE: Leave PDP Now – Bala Mohammed Warns APC Minister, Wike
    3 weeks ago
    Lagos 2027: Balami Blasts Joe Igbokwe Over Position On Seyi Tinubu Governorship Ambition
    3 weeks ago
    UPDATE: Why I Won’t Join Issue With Wike – PDP BOT Chairman, Wabara
    3 weeks ago
    AGF to meet with National Assembly to address Tax Reform Bills.
    2 months ago
  • Business
  • Technology
    TechnologyShow More
    Buying a Car Will Soon be Like Buying a Phone, Why Your Next Car Could be an EV
    6
    Hands-On With the iPhone 13, Pro, Max, and Mini
    3 years ago
    Explained: What are Smart Glasses and How Do It Work?
    3 years ago
    Explained: What are Smart Glasses and How Do It Work?
    3 years ago
    name of the dead politicians steal presidential candidate bauchi state mohammed abubakar
    Apple VS Samsung– Can a Good Smartwatch Save Your Life?
    3 years ago
  • METRO
  • Entertainment
    EntertainmentShow More
    2face Idibia Finally Deletes Divorce-Related Posts, Video On His Instagram
    2face Idibia Finally Deletes Divorce-Related Posts, Video On His Instagram
    3 weeks ago
    BBNaija Khloe Reacts Ocver 2Face and Annie's Divorce Saga
    BBNaija Khloe Reacts Ocver 2Face and Annie’s Divorce Saga
    3 weeks ago
    Actress Mary Njoku Reacts Over 2Face, Annie Divorce Saga
    Actress Mary Njoku Reacts Over 2Face, Annie Divorce Saga
    3 weeks ago
    Days After Release From Prison, Speed Darlington Narrowly Escapes Assassination (VIDEO)
    Days After Release From Prison, Speed Darlington Narrowly Escapes Assassination (VIDEO)
    3 weeks ago
    UPDATE: I Am Done – Chidimma Adetshina Quits Pageantry
    UPDATE: I Am Done – Chidimma Adetshina Quits Pageantry
    3 months ago
  • Sports
Reading: Official — FG To Increase Tax On Tobacco Products To 50%
Share
Notification Show More
Font ResizerAa
AnaedoOnlineAnaedoOnline
Font ResizerAa
  • Home
  • News
  • Politics
  • Business
  • Technology
  • METRO
  • Entertainment
  • Sports
  • Home
  • News
  • Politics
  • Business
  • Technology
  • METRO
  • Entertainment
  • Sports
Have an existing account? Sign In
Follow US
  • Advertise
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Featured PostsNews

Official — FG To Increase Tax On Tobacco Products To 50%

Mercy Ulasi
Last updated: April 19, 2023 10:08 am
Mercy Ulasi
2 years ago
Share
SHARE

In an effort to reduce tobacco use in the nation, the Federal Government said it would increase the excise tax on tobacco goods from 30% ad-valorem to 50%.

Dr. Mangai Malau, head of the Federal Ministry of Health’s Noncommunicable Disease Division’s tobacco control unit, made this announcement on Tuesday during the National Tobacco Control Budget Advocates Meeting in Abuja.

Malau gave a presentation titled

Overview of Tobacco Control Funding and Budgeting in Nigeria: Why Is It Important?

According to him, the Federal Government currently levies a 30% tax on tobacco products, but its goal is to raise that to 50% in order to comply with World Health Organisation standards.

According to him, funding for tobacco control must come majorly from taxation and there is also a need for relevant stakeholders to apply tax measures rightly if they are to address the issues of tobacco control in the country.
“In effectively controlling tobacco and tobacco products in Nigeria, funding is a critical component. The WHO Framework Convention on Tobacco Control recognises this and clearly stipulates in Article 26.

“It states that parties shall provide financial support in respect of its national activities intended to achieve the objective of the Convention, in accordance with its national plans, priorities and programmes.

“It is also important to state that funding is a major provision of the National Tobacco Control Act

.WHO Reveals How Many People Killed By Smoking Globally

“Section eight of the Act, provides for the Tobacco Control Fund, which shall be used to fund tobacco control activities programmes and projects,” Malau said.

According to him, this meeting is therefore important as it will seek for better funding for tobacco control, in order for Nigeria to meet the objectives of the WHO FCTC and the NTC Act.

He said, “Tobacco use and exposure to secondhand smoke is a leading cause of mortality, morbidity, disability and impoverishment in the world.

“It is the greatest risk factor for non-communicable diseases like hypertension, stroke, cancers, diabetes and chronic obstructive pulmonary diseases.

According to him, WHO said: “tobacco causes more than eight million deaths annually around the world, with more than seven million of those deaths as a result of direct tobacco use.

“And about 1.2 million resulting from non-smokers being exposed to second-hand smoke.

He said that tobacco smoke contained over 7,000 chemicals, of which hundreds were toxic and about 70 are known to cause cancer.

“Also, there is no safe level of exposure to tobacco smoke and even a brief exposure can be harmful to one’s health.

“Concerned about the threat from tobacco, Nigeria signed and ratified the WHO FCTC, in 2004 and 2005 respectively. In 2015, the National Tobacco Control Act was enacted and its Regulations was passed in 2019,” he said.

In his remarks, the Chairman of Nigeria Tobacco Control Alliance (NTCA), Mr Akinbode Oluwafemi, stressed the need for Civil Society Organisations to advocate for more budgetary allocation for tobacco control in the country.

Oluwafemi urged CSOs to begin the budgetary advocacy in July when the government’s ministries, departments and agencies would commence the 2024 budgets presentation and defence.
According to him, it is also important that CSOs form alliances while carrying out the advocacy.

NAN

Follow us on facebook

Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

You Might Also Like

Bbnaija: Biggie Introduces Another Twist, Ex-Housemates To Return

Wike Gives Eight Month Deadline For Abuja Light Rail Completion

Nkechi Blessing Visits Ooni Of Ife And Fans React

Suspended Adamawa REC, Yunusa-Ari Opens Up On Receiving N2 Billion Bribe To Declare Binani

Okpala Nnewi Performs ILO Mmuo Nnewi 2019 Rites (Photos)

TAGGED:TaxTobacco
Share This Article
Facebook Email Print
Previous Article Aisha Binani’s Suit Seeking To Stop Prosecution Of Suspended Adamawa REC, Ari Dismissed By Court N2 Billion Bribe: Binani Declares, “I am A Democrat And Will Never Undermine Democratic Process”
Next Article 100-Year-Old Man Dragged To Court For Alleged Land Grabbing Teenager In Court For Injuring Boy In Lagos
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?