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The Federal Government has said telecommunications subscribers in the country would commence payment of five percent tax on calls, SMS data and other telecom services. This was disclosed at the Nigerian Communications Commission (NCC) ‘Stakeholders Forum on the Implementation of Exercise Duty on All Telecommunications Services’ held on Thursday in Abuja. Speaking at the event, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, urged stakeholders to support the implementation of the 5 percent exercise duty on telecommunications services. Ahmed who was represented by the Assistant Director, Tax and Policy, Mr Musa Umar, applauded NCC for providing the platform to increase Nigeria’s revenue generation. According to her, other countries in Africa such as Malawi, Uganda and Tanzania have all adopted this strategy to generate more revenues for their nations and change their economic situation for good. “The issue of revenue is not something that we need to shy away from as our revenue can no longer take care of our needs as a country. “Also, Nigeria is no longer making enough money in oil revenue hence the attention is shifting to non-oil revenue”. Ahmed stated. She assured that the exercise will be carried out in a seamless manner with minimal impact on citizens.

Sun