The Federal Government has announced a new Cigarette Tax regime that will see the price for a pack of 20 cigarettes increase from N58 to N80 while shisha will be taxed at N3,000 per litre.
This was revealed by Minister of State for Health, Olorunnimbe Mamora, on Tuesday at the launch of the Tobacco Control Data Initiative Dashboard in Abuja.
He revealed that the new tobacco tax regime went into effect on the 1st of June.
What the minister is saying
The Minister stated that the new tax regime will see a 30% tax increase on cigarettes.
Mamora said, “With effect from 1st June 2022, the federal government of Nigeria has commenced implementation of a new three-year tobacco tax regime, which will end in 2024.
“This new regime increased the Ad-Valorem tax rate from 20% to 30%.
“In addition to the 30% ad-valorem, a specific excise rate has been increased from N58 to N84 per pack of 20 sticks of cigarette, and this will further be increased to N94 per pack in 2023; and then N104 per pack in 2024.
“Also, Shisha is now taxed at the rate of N3,000 per litre and N1,000 per kilogram and this will be increased yearly by N500,”.
