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

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.”

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

How creation of flood insurance can reduce risks

Please follow and like us:

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president of Innovative Media Partners Cooperative Multipurpose Society...

Related Articles

How creation of flood insurance can reduce risks

Please follow and like us:

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president...

‘How reliable are the public agencies involved?’ Netizen reacts to Union Bank’s Fire drill

Netizens raises concerns over the reliability of public agencies in real life...

Reactions as Alex Iwobi releases new single

By Chioma Obinagwam British-Nigerian professional footballer, Alex Iwobi, has released a new...

Advertisements