ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    Mbappé Scores Twice As Madrid Cruise To Winning Start In Champions League

    Martinelli, Trossard Hand Arsenal Perfect Champions League Start In Bilbao

    FCC Endorses NUGA To Strengthen National Unity

    American Tinch Wins World 110m Hurdles Gold In Tokyo

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    Mbappé Scores Twice As Madrid Cruise To Winning Start In Champions League

    Martinelli, Trossard Hand Arsenal Perfect Champions League Start In Bilbao

    FCC Endorses NUGA To Strengthen National Unity

    American Tinch Wins World 110m Hurdles Gold In Tokyo

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Bows To Pressure, Suspends Proposed 5% Tax On Telecom Services

by Innocent Odoh
3 years ago
in Cover Stories, News
Pantami
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has announced an immediate suspension of the five per cent excise duty it planned to impose on telecommunications services in 2022 even as it set up a committee chaired by the Minister of Communications and Digital Economy, Isa Ali Pantami, to review the policy immediately.

 

Advertisement

Pantami, who inaugurated the Presidential Committee on Excise Duty for the Digital Economy Sector on behalf of President Muhammadu Buhari in Abuja yesterday, said the decision to suspend the policy was to protect the sector from over taxation.

 

The Ministry of Finance, Budget and National Planning and the Nigerian Customs Service had recently announced their readiness to start collecting excise duty on telecommunications service. This decision did not go down well with industry players even as they warned of severe consequences on the sector.

 

Related News

Crypto Casinos Malaysia: Ready For A Digital Ringgit Revolution

4 hours ago

651 Kidneys Worth $41bn Sold In Nigeria

4 hours ago

Pantami, who had personally rejected the policy and advised President Buhari, cited the dangers the policy posed on the digital economy and the increasing hardship on Nigerians.
He recalled that the suspension directed by Mr. President followed his petition as the chairman of the Presidential Council on Digital Economy and eGovernment, as the policy has the potential to impact very negatively on the digital economy sector, and particularly telecommunications, which is already overburdened with multiple taxes totalling about 41 categories.
He said some of these are multiple taxations because other tiers or levels of government were imposing the same levies that Mobile Network Operators had already paid to the federal government.
Pantami stressed that the Excise duty will impose an immense burden on Nigerians.
He said that the excise duties are usually imposed on luxury goods and not telecommunications services that are increasingly becoming essential services for the survival of the people.
According to him, the introduction of excise duty in the telecommunication and information and communications technology industry would jeopardise the successes already recorded within the industry.
Other members of the committee are the minister of finance, budget and national planning, Mrs. Zainab Ahmed; the executive secretary of the Nigerian Communications Commission (NCC), Professor Umar Danbatta; the executive chairman of the Federal Inland Revenue Service, Muhammad Nami and representatives of the telecommunication industries.
Pantami said the decision on the suspended policy will be made after the committee completes its report.
The ninister recalled several positive developments in the sector that need to be sustained through support of the government.

Join Our WhatsApp Channel

SendShare10184Tweet6365Share

Other News Updates

Business

Crypto Casinos Malaysia: Ready For A Digital Ringgit Revolution

2025/09/16
Health

651 Kidneys Worth $41bn Sold In Nigeria

2025/09/16
News

NASC Appoints Emmanuel Odo As Acting Clerk For Senate

2025/09/16
News

Sowore Counters DSS’ Suit, Seeks Enforcement Of Fundamental Rights In Court

2025/09/16
News

GWR Feat: First Lady Remi Tinubu Hails Chef Hilda Baci

2025/09/16
News

2 Die In Petrol Tanker Accident On Ilorin–Jebba Expressway

2025/09/16
Leadership Conference advertisement

LATEST

Mbappé Scores Twice As Madrid Cruise To Winning Start In Champions League

Crypto Casinos Malaysia: Ready For A Digital Ringgit Revolution

651 Kidneys Worth $41bn Sold In Nigeria

Martinelli, Trossard Hand Arsenal Perfect Champions League Start In Bilbao

FCC Endorses NUGA To Strengthen National Unity

NASC Appoints Emmanuel Odo As Acting Clerk For Senate

Sowore Counters DSS’ Suit, Seeks Enforcement Of Fundamental Rights In Court

GWR Feat: First Lady Remi Tinubu Hails Chef Hilda Baci

‘Tinubu Has Better Balance Sheet Than Buhari’, Says SDP Chieftain Adebayo

2 Die In Petrol Tanker Accident On Ilorin–Jebba Expressway

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.