By: Chiadikobi Ozor
A senior lecturer at the University of Nigeria, Nsukka Dr. Ezebuilo Ukwueze, in the department of Economics, has applauded Federal Government, for increasing excise duty on alcohol beverages and tobacco.
Ukwueze told Everyday News in Nsukka on Tuesday that the increase would improve internally generated revenue ( IGR), economic growth of the country and reduce consumption of the products and its health related diseases.
” I commend FG for increasing the excise duty on alcohol beverages and tobacco, it’s a welcome development. This increase would not only generate revenue for government but will reduce the intake of the products and it’s harmful effect on consumers, ” he said.
He said that as a result of the tariff increase, producers and dealers of the products will definitely increase market prices of the products and because of increase in prices people will be forced to reduce their rate of consumption.
He explained that someone who takes four bottles of beer in a day would be compelled to come down to two bottles because of the cost implications as the price of the products rose from its normal prices.
“What government has done will go a long way to discourage people from consumption of the products which is hazardous to human health” he said.
The University Don decried the high consumption rate of alcoholic drinks and cigarettes in the country especially among youths, saying that government decision was in right direction for life longevity
“Some youths cashes on lack of job to be addicted alcohol and other drugs harmful to health.
Most youths have been lured to various degrees of crime under the influence of alcohol and other related vices while others suffer serious health diseases because of addiction to alcohol and cigarettes among others.
“Generation yet unborn will remain grateful to the present administration of President Mohammadu Buhari, for the bold decision that will help reduce alcohol intake and cigarettes smoking in this country,” he said
It would be recalled that, Federal Government on March 4, approved increased on excise duty for alcohol beverages and tobacco, which it said would take effect from June 4, 2018