{"id":124658,"date":"2024-07-18T11:39:26","date_gmt":"2024-07-18T10:39:26","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages"},"modified":"2024-07-18T12:49:09","modified_gmt":"2024-07-18T11:49:09","slug":"nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages","title":{"rendered":"Nigerian to suspend N10 tax on sweetened sugar beverages"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian federal government has announced plans to suspend its N10 tax on Sweetened Sugar beverages in the country.<\/p>\n<p>Wale Edun, the Minister of Finance Wale disclosed this when he met with the members of the National Action on Sugar Reduction, NASR.<\/p>\n<p>Edun said the move is part of the proposed economic stabilization plan.<\/p>\n<p>According to him, the temporary suspension of the sugar tax would help firms navigate the current economic difficulties in Nigeria.<\/p>\n<p>He said, \u201cThis measure aims to help beverage companies navigate the current economic difficulties without going under. The temporary suspension of the sugar tax is seen as a measure to stabilize the economy and support the beverage industry during this critical period,\u201d said.<\/p>\n<p>\u201cWe support your need for revenue, but we must find a balance\u201d, he said.<\/p>\n<p>The government had earlier announced a 150-day zero import duty window for rice, maize, wheat and other foods.<\/p>\n<p>The development comes as manufacturers, and Nigerians continue to struggle with the impact of rising headline inflation which stood at 34.19 percent in June 2024, energy cost hikes and high interest rates.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian federal government has announced plans to suspend its N10 tax on Sweetened Sugar beverages in the country. Wale Edun, the Minister of Finance Wale disclosed this when he met with the members of the National Action on Sugar Reduction, NASR. Edun said the move is part of the proposed economic [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":124656,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[254,14137,646],"class_list":["post-124658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nigeria","tag-sweetened-sugar-beverages","tag-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian to suspend N10 tax on sweetened sugar beverages - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian federal government has announced plans to suspend its N10 tax on Sweetened Sugar beverages in the country. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian to suspend N10 tax on sweetened sugar beverages\" \/>\n<meta property=\"og:description\" content=\"The Nigerian federal government has announced plans to suspend its N10 tax on Sweetened Sugar beverages in the country. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-18T10:39:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-18T11:49:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1721290488.951828.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian to suspend N10 tax on sweetened sugar beverages\",\"datePublished\":\"2024-07-18T10:39:26+00:00\",\"dateModified\":\"2024-07-18T11:49:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\"},\"wordCount\":200,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/07\/sm_1721290488.951828.jpg\",\"keywords\":[\"Nigeria\",\"sweetened sugar beverages\",\"tax\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-to-suspend-n10-tax-on-sweetened-sugar-beverages\",\"name\":\"Nigerian to suspend N10 tax on sweetened sugar beverages - 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