FG'sTax Stamp System Threatens Manufacturing Recovery
Federal government proceeds with tax stamp system on excisable products despite industry warnings. Stakeholders fear additional financial burden will undermine fragile manufacturing recovery. The hybrid paper-digital system proposed by Authentix Inc. faces criticism for operational challenges and potential to drive illicit trade. Manufacturers Association of Nigeria (MAN) opposes system as contradictory to 2025 Tax Act relief. PwC warns of operational pressures and consumer price hikes. Industry calls for sustaining existing digital systems like B'Odogwu ERS instead.