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Good News: FG Removes 5% Telecom Tax on Voice, Data Services
Technology

Good News: FG Removes 5% Telecom Tax on Voice, Data Services

by  Dave Ibemere
1 min read

The Federal Government has revoked the 5% excise tax previously imposed on telecommunications services in Nigeria, a move expected to ease cost pressures for millions of mobile users.

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The federal government has decided to remove the 5% tax on call and data service
No more 5% tax on voice and data service
Source: Getty Images

The tax, which was intended to apply to both voice calls and data, had drawn widespread criticism from industry players and consumer advocates since its introduction under the Muhammadu Buhari administration.

Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), disclosed that President Tinubu directed the removal of the tax during discussions on the recently passed Finance Act.

The development is expected to bring relief to over 171 million active telecom users across the country, many of whom have faced a 50% tariff increase implemented earlier this year.

More details to follow...

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Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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