Home Nigeria’s Communications minister faults FG’s plans to impose 5% tax on call, text, data

Nigeria’s Communications minister faults FG’s plans to impose 5% tax on call, text, data

Share
Minister of Communications and Digital Economy, Isa Pantami. Photo credit: Isa Pantami on Twitter
Share

Nigeria’s Minister of Communications and Digital Economy, Isa Pantami, has kicked against plans by the federal government to impose five per cent excise duty on telecommunications services in the country.

The minister vowed to use every legal instrument available to fight the decision as, according to him, the decision didn’t go through wide consultation, adding that if the decision was allowed to stand, it would affect the sector negatively.

The minister, who spoke at the maiden edition of the Nigerian Telecommunications indigenous Content Expo, NTICE, in Lagos on Monday, said the sector, which was already attracting huge revenue, creating jobs and adding huge revenue to the GDP, should not be over burdened with such taxes.

He said: “The 5 per cent excise duty will over burden the industry. As a Minister I was neither consulted nor received a memo to that effect. Even the relevant lawmakers that were supposed to be consulted have also told me they were not.

”Things are not done that way. Besides criticising the tax, we will take every legal measure to ensure the tax does not stand.”

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

‎FMDQ lists LAPO MFB’s N4.46bn bond for MSMEs‎

By Chioma Obinagwam ‎FMDQ Securities Exchange Limited has approved the listing of a N4.46 billion bond issued by LAPO MFB SPV PLC, Confiance...

‎Cadbury Nigeria posts N83bn revenue in H1 2026 amid cost pressures

By Chioma Obinagwam‎‎Cadbury Nigeria’s board has approved H1 2026 results showing an 8 percent revenue jump to N83.35 billion, even as high freight...

Related Articles

‎FMDQ lists LAPO MFB’s N4.46bn bond for MSMEs‎

By Chioma Obinagwam ‎FMDQ Securities Exchange Limited has approved the listing of...

‎Cadbury Nigeria posts N83bn revenue in H1 2026 amid cost pressures

By Chioma Obinagwam‎‎Cadbury Nigeria’s board has approved H1 2026 results showing an...

‎Seplat profit soars 498% as dividend hits new high

‎By Chioma Obinagwam‎‎Seplat Energy PLC has recorded a dramatic turnaround in its...

‎Beyond charity: Seplat, NNPC JV tackle Nigeria’s education crisis‎

By Chioma Obinagwam‎‎Nigeria’s biggest infrastructure gap may not be roads, power or...