The 5% telecom tax was removed to relieve millions of Nigerian subscribers of data and airtime cost.
FG Lifts 5% Levy on Voice and Data Services
Table of Contents The Federal Government of Nigeria, under the administration of President Bola Ahmed Tinubu, has removed the excise duty of 5% formerly placed on telecom services. The removal of this telecom tax is for the purpose of relieving millions of Nigerians of high cost of data and airtime. According to Aminu Maida—the Executive Vice Chairman of the Nigerian Communications Commission (NCC) who confirmed the policy reversal—noted that the move is projected to ease the burden on more than 171 million active telecom subscribers nationwide, many of whom have already been hit by a 50% hike in tariffs earlier this year. Maida confirmed that President Bola Tinubu ordered the removal of the excise duty on telecommunications services during discussions on the Finance Act. Buhari's Administration Implemented The 5% Tax If you can recall, the 5% tax was imposed three years ago under the administration of former President Muhammad Buhari's administration as an effort to diversify and …
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