Gloria Odion, Maritime reporter
The proposed Tax Stamp policy of the Federal government has expectedly activated panic mode among beer industry leaders who have expressed anxiety of possible escalation in the production and consumer costs if the policy is eventually implemented.
Though, there is an ongoing dialogue between stakeholders and the government to manage the economic impact of the policy, the leaders of the brewing sector had sought more clarification on the policy from the Nigeria customs service when they engaged with the Comptroller- General of the Service, Adewale Adeniyi on Monday, May 11th, 2026.
The brewers have come to discuss the economic impact the proposed policy will have on their brewing business.
At the roundabout discussion, Adewale had emphasised the need for credible data, inclusive consultations and sustained stakeholder engagement in Nigeria’s ongoing fiscal and regulatory reforms.
Speaking during the engagement, CGC Adeniyi stressed that policy decisions affecting strategic sectors of the economy must be guided by verifiable data and a clear understanding of prevailing market realities.
“We need to have a clear understanding of what constitutes illicit trade. Some of these products are legitimately manufactured in Nigeria.
“In other jurisdictions,customs administrations are already engaging in discussions around how such products find their way across borders and into unauthorised markets” the CGC stated.
He further underscored the importance of accuracy and credibility in industry data presented to policymakers, noting that sound policy formulation depends on reliable information.
“One thing we need to understand more clearly is where some of these estimates came from.
“When we are making policy decisions of this nature, the credibility and accuracy of data must never be in doubt,” he added.
Highlighting the Service’s ongoing modernisation efforts, Adeniyi noted that the NCS has continued to introduce reforms aimed at improving trade facilitation and enhancing operational efficiency across the supply chain.
“We have consistently introduced initiatives aimed at facilitating trade. We introduced the Advance Ruling. We introduced the Authorised Economic Operator programme.
“We also rolled out several reforms on our own initiative, not because we were under pressure, but because we recognised the need to improve trade facilitation,” he said.
On the proposed tax stamp initiative, the CGC clarified that consultations with stakeholders are still ongoing and that no final decision has been reached regarding implementation.
“As far as I am concerned, consultations are still ongoing. If this initiative is legitimate and beneficial, then we all have a responsibility to ensure that we are heading in the right direction,” he stated.
He also encouraged private-sector operators to maintain constructive engagement with relevant government agencies to ensure that any eventual policy framework balances revenue protection with industrial sustainability and economic growth.
Earlier, the leader of the delegation and Chief Executive Officer of Guinness Nigeria Plc, Girish Sharma, said the visit was aimed at presenting the industry’s position on the proposed tax stamp framework, which he noted has generated considerable discussion within the sector.
Sharma acknowledged the importance of regulatory controls but maintained that the beer industry remains one of the most structured and highly regulated sectors in Nigeria, with limited exposure to counterfeiting risks.
“We fully understand the purpose and importance of tax stamps, particularly in industries where counterfeiting is a major concern.
“However, within the beer sector, counterfeiting is minimal,” Sharma said.
He noted that existing compliance and monitoring systems already provide adequate visibility across production and distribution channels.
“From an end-to-end compliance perspective, we believe there is already sufficient transparency and oversight,” he added.
Sharma also highlighted the industry’s contribution to employment generation, government revenue and economic growth, cautioning that additional regulatory measures should be carefully designed to avoid unintended impacts on the sector and the wider economy.
The 2026 tax stamp policy in Nigeria is a regulatory, security-focused, and mandatory track-and-trace system imposed by the government on excisable goods—including alcohol, tobacco, and sugar-sweetened beverages—to curb illicit trade and bolster revenue.
The policy, aimed at reducing smuggling and counterfeiting, requires high-security physical labels or digital codes to be affixed to products.
The policy applies to excisable products such as tobacco, alcohol, and sugary drinks, with specialized stamps for textile imports, such as the
Red vs. Green stamps.
Manufacturers must ensure compliance. Under the
Nigeria Tax Act 2025, compliance is required, and failure to stamp documents within 30 days can lead to severe penalties, including a 10% penalty fee plus interest.
While the government aims to enhance revenue, manufacturers, particularly in the brewing sector, have raised concerns that the policy could significantly diminish profitability and increase consumer prices, with potential to create 100% loss in profits if implemented as proposed.