The Minister of Communications and Digital Economy, Isa Pantami, has said he is against attempts by the Federal Government to introduce a five per cent excise duty on telecommunication services.
According to him, the move would impact the sector and Nigerians negatively. He disclosed this while speaking in Lagos at the maiden edition of the Nigerian Telecommunications Indigenous Content Expo organised by the Nigeria Office for Developing the indigenous Telecom Sector, an agency domiciled in the Nigerian Communications Commission, on Monday.
He stated that the telecom sector already contributes a lot to the Nigerian economy and urged the government to consider taxing other sectors of the economy that were not contributing to national development.
Recently, the Federal Government announced plans to implement a five per cent excise duty tax on telecoms services at a stakeholders’ forum on the implementation of excise duty on telecommunications services in Nigeria.
Pantami said, “The ministry of communications and digital economy is not satisfied with any effort to introduce excise duty on telecommunication services.
