Pantami kicks against implementation of 5% excise duty in telecoms sector | TheCable

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Isa Pantami, minister of communications and digital economy, has kicked against the federal government's plan to impose a five percent excise duty on telecommunication services in Nigeria

Isa Pantami, minister of communications and digital economy, has kicked against the federal government’s plan to implement a five percent excise duty on telecommunication services in Nigeria.

The Nigeria Office for Developing Indigenous Telecoms Sector of the Nigerian Communications Commission organised the event.at a stakeholders’ forum in Abuja.Speaking on the development, Pantami criticised the timing and process of imposing the tax on the telecoms sector despite its contributions to the economy.

“The sectors that are contributing to our economy today are few. What we should be doing is to ensure that all other sectors can also contribute.”According to him, additional taxes on the telecoms sector will affect its contribution to the country’s gross domestic product .

 

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