Higher SSB Tax may raise prices - Report warns

A report by ThinkBusiness Africa warns that the proposed increase in Nigeria's excise duty on sugar-sweetened beverages could significantly raise soft drink prices. The tax could reach N130 per litre, resulting in a 39% increase in retail prices and a 29% reduction in annual per capita consumption. While evidence suggests that taxes on SSBs can reduce purchases, their impact on diseases like obesity remains uncertain.