Revised Excise Duties A Risk To Nigeria Alcohol Sector But Not Ruinous
Consumer & Retail / Nigeria / Fri 27 Jul, 2018
- We have revised down our growth forecasts for Nigeria's alcoholic drinks sector following the implementation of higher excise duties on beer, wine and spirits.
- In addition to passing on the duties to consumers, companies will also look to cut costs by refocusing production in other markets in West Africa, and by investing in local, cheaper