Home / Business / Pure water sachet may sell for N50m – Water producers warn

Pure water sachet may sell for N50m – Water producers warn

The price of ‘pure water’ could balloon from the present N20 to about N50 per sachet very soon, the Water Producers Association of Nigeria (WAPAN) has warned.

National President of WAPAN, Eneri Odiri Jackson said the price could rise if the federal government implements the proposed Excise Duty on carbonated beverages.

Jackson spoke at an event in Lagos at the weekend, reports Nairametrics.

Nigerians have witnessed sachet of water rise three times within the year from N5 to N10 and to N20.

The House of Representatives Committee on Finance in August 2021, resolved that it would amend the Finance Act to include levies on all carbonated and non-carbonated drinks.

WAPAN’s National President, Eneri Odiri Jackson, said the implementation of taxes on chemicals used in water production would have a multiplier effect on the economy.

“There is no doubt that the price of pure water will rise from the present N20 to about N50,” Jackson said.

He therefore urged the government to consult broadly next year, before implementing the policy.

About talkagblog

Leave a Reply

Your email address will not be published.

x

Check Also

After 32 Years, McDonald’s Sets To Leave Russia Over Ukraine Invasion

After more than three decades in Russia, McDonald’s has put its Russia ...