LCCI Calls For Regulations To Enhance More Telecom Infrastructure Devt

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to create a regulatory environment in enhancing more telecommunication infrastructure development in the country.

The director-general, of the Chamber, Dr. Chinyere Almona, stated this, while welcoming the recently signed National Health Insurance Authority Bill 2021 which replaces the National Health Insurance Scheme Act, 2004 by President Muhammadu Buhari.

The new Bill has placed a new telecoms tax equivalent to a minimum of one kobo per second on phone calls by subscribers.

The realised funds, estimated to be about N90 billion yearly, are meant to finance free healthcare for the vulnerable groups children under five, pregnant women, the aged, and physically and mentally challenged Nigerians.

According to Almona, the Lagos Chamber recognises the government’s struggle with providing healthcare services in the face of the economic realities we face as a nation today.

The private sector has always shown its commitment to supporting the government’s efforts in providing some public infrastructure for the common good of all or mainly for the underprivileged.”

She explained that since the liberalisation of the telecoms sector in 1999, licensed GSM operators have invested heavily in infrastructure to guarantee quality service to telecom subscribers, saying that “due to the rising cost of operations, telecom companies under the Association of Licensed Telecommunication Operators of Nigeria (ALTON) have put a plan in place for a proposed 40 per cent  increase in the cost of calls, SMS, and data in the coming weeks.”

She noted that “the implications of all of these are that subscribers will be made to pay more for telecom services. And companies that depend heavily on the telecommunication infrastructure to deliver their services will likely begin to incur an additional cost burden even as they currently struggle to comply with about thirty-six different taxes.

“Beyond the cost of taxation on telecoms operators, government needs to create a regulatory environment that promotes enterprise-investing more in telecoms infrastructure for a thriving digital economy.”

To her,  “the realised funds must be well managed to achieve the objective of the tax. A fair and transparent system is critical in identifying the ‘vulnerable group’ that qualifies for the Vulnerable Group Fund.

“The N876 billion allocation to health in the 2022 Federal Budget is 5.1 percent of the total budget and lower than the 15 percent minimum allocation as agreed in the Abuja Declaration of 2001. Nigeria’s health sector requires and deserves more allocation considering the state of healthcare delivery in our nation today.”