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Thursday, August 11, 2022

Pantami wants govt to halt 5% excise duty on telecom services

Nigeria’s Minister of Communications and Digital Economy, Isa Pantami has expressed opposition against renewed attempts by the Federal Government to increase tax on telecom services by five per cent excise duty to bring total taxation to 12.5 per cent.

This means with the additional 5 per cent excise duty, telecom service subscribers will be paying as much as 12.5 per cent on tariff payments to service providers.

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Pantami, who spoke in Lagos at the ongoing exhibition organised by the Nigeria Office for Developing the indigenous Telecom Sector, an agency domiciled in the Nigerian Communications Commission (NCC), thinks the new tax could impact the sector negatively.

The telecom sector, he said is already contributes a lot to the Nigerian economy, and adding more taxes could impact negatively its growth.

He urged the government to consider taxing other sectors of the economy that are not contributing to national development.

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