Tinubu Scraps 5% Telecoms Tax — NCC
President Bola Tinubu has permanently abolished the 5% excise duty on telecommunications services, a levy that had drawn widespread criticism from industry players and consumer advocates.
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, confirmed the decision at a media briefing in Abuja, noting that while the duty was only suspended in 2023, it has now been completely removed under revised tax laws.
“The President said clearly that we cannot place this burden on Nigerians, and the directive has now been enshrined in the new legislation,” Maida said.
The excise duty, which applied to mobile voice and data services, had been faulted for driving up digital access costs and threatening telecom operators already struggling with rising expenses. Proposals to reinstate it in 2024 were strongly resisted by stakeholders, who argued it would stifle growth in Nigeria’s digital economy.
#DigitalEconomy #Telecoms #Nigeria
President Bola Tinubu has permanently abolished the 5% excise duty on telecommunications services, a levy that had drawn widespread criticism from industry players and consumer advocates.
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, confirmed the decision at a media briefing in Abuja, noting that while the duty was only suspended in 2023, it has now been completely removed under revised tax laws.
“The President said clearly that we cannot place this burden on Nigerians, and the directive has now been enshrined in the new legislation,” Maida said.
The excise duty, which applied to mobile voice and data services, had been faulted for driving up digital access costs and threatening telecom operators already struggling with rising expenses. Proposals to reinstate it in 2024 were strongly resisted by stakeholders, who argued it would stifle growth in Nigeria’s digital economy.
#DigitalEconomy #Telecoms #Nigeria
Tinubu Scraps 5% Telecoms Tax — NCC
President Bola Tinubu has permanently abolished the 5% excise duty on telecommunications services, a levy that had drawn widespread criticism from industry players and consumer advocates.
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, confirmed the decision at a media briefing in Abuja, noting that while the duty was only suspended in 2023, it has now been completely removed under revised tax laws.
“The President said clearly that we cannot place this burden on Nigerians, and the directive has now been enshrined in the new legislation,” Maida said.
The excise duty, which applied to mobile voice and data services, had been faulted for driving up digital access costs and threatening telecom operators already struggling with rising expenses. Proposals to reinstate it in 2024 were strongly resisted by stakeholders, who argued it would stifle growth in Nigeria’s digital economy.
#DigitalEconomy #Telecoms #Nigeria
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