• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • 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

LCCI Calls For Regulations To Enhance More Telecom Infrastructure Devt

by Olushola Bello
3 years ago
in Business
LCCI
Share on WhatsAppShare on FacebookShare on XTelegram

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.

Advertisement

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.

RELATED

Business Summit Partners UWEAL To Empower African Entrepreneurs

Business Summit Partners UWEAL To Empower African Entrepreneurs

14 hours ago
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

18 hours ago

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.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: LCCI
SendShareTweetShare
Previous Post

Sendy, Google Partner To Empower MSMEs In Nigeria

Next Post

How Nancy Umeh Is Helping Parents Understand Why Their Children Select Food

Olushola Bello

Olushola Bello

You May Like

Business Summit Partners UWEAL To Empower African Entrepreneurs
Business

Business Summit Partners UWEAL To Empower African Entrepreneurs

2025/08/02
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations
Business

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

2025/08/02
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Appoints David Bird As CEO

2025/08/02
Nestlé Equips Over 3.7m Children In 2023
Business

Nestle Nigeria Deepens Grassroots Impact With Women Empowerment Initiative

2025/08/02
Wema Bank Rewards 131 Customers With N11m In ‘5 For 5’ Promo Monthly Draw
Business

Wema Bank Grows Profit by 231% in H1 2025

2025/08/02
United Capital Appoints Uche Ike As New Chairman
Business

United Capital Appoints Uche Ike As New Chairman

2025/08/02
Leadership Conference advertisement

LATEST

Edo LG Polls: I’m Aspiring To Advance Good Governance In Ovia South-West — Omoruyi

LASU Suspends Exam, Academic Activities

ADC Condemns Shutdown Of Radio Station In Niger

Abure-led Labour Party Faults INEC Over Party’s Omission In By-election

Gov Sani Distributes 400 Trucks Of Fertilizer To 100,000 Kaduna Farmers

Police Clash With Community Over Land Dispute In Abuja

Zulum Allays Borno Residents’ Fears Over Alau Dam

Police Summon Sowore For Alleged Forgery, Inciting Disturbance

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

© 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.