The Digest:
President Bola Tinubu has permanently abolished the 5% excise duty on telecommunications services, following two years of suspension. The move, announced by the NCC, marks a definitive Burden's End for Nigerian consumers and businesses.
Key Points:
- President Tinubu has permanently removed a 5% telecoms tax.
- The excise duty was applied to mobile voice and data services.
- The announcement was made by the NCC’s Executive Vice-Chairman.
- The tax was initially suspended in July 2023.
- It was briefly proposed for reinstatement in October 2024.
- The tax faced opposition from consumers and telecom companies.
- The decision is aimed at easing financial pressure on Nigerians.
The permanent removal of the tax is a victory for industry and consumers who had opposed the levy. This final Burden's End is expected to support the growth and affordability of Nigeria's digital economy.
Sources: Channels Television, Nigerian Communications Commission (NCC)
