LCCI urges FG to reconsider proposed excise duty rates on locally-produced goods

 

The Lagos Chamber of Commerce and Industry (LCCI) has protested a rise in the tariff on essential items such as detergent, toilet papers, facial tissue, spaghetti and noodles.

The chamber explained that the products are consumed largely by ordinary Nigerians.

It warned that any imposition of excise duty on these products will further aggravate the poverty situation in the country and undermine the welfare of citizens

The chamber in a statement signed by its director general Mr. Muda Yusuf said it disturbed over plan to extend the duty to cover several other basic items.

The presidency has begun enforcing the approved amendment to the excise duty for alcoholic beverages, spirits and tobacco.

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