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NIGERIA BEER COMPANIES: Proposed excise tariffs: downside risk to brewers highly geared to affordable beer

    Esili Eigbe
    Esili Eigbe

    Head of Consumer Research

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    Tellimer Research
    9 February 2018
    Published byTellimer Research
    According to a newspaper article yesterday, Nigeria’s Ministry of Finance indicated that it had advised the President on new excise tariffs for alcohol and cigarettes. The proposed excise tariffs are as follows: (1) beer – NGN35/litre; (2) wines – NGN150/litre; (3) spirits – NGN200/litre; and (4) cigarettes - 20% of production costs and a specific NGN1/ stick rate. Note that the previous excise tariff was an ad valorem rate of 20% of production costs.