FG revokes 5% excise duty on Telecom services
The Federal Government has scrapped the 5% excise duty on telecommunications services, a decision aimed at reducing cost burdens for millions of mobile users. The levy, which covered both voice and data services, was introduced under former President Muhammadu Buhari but faced strong opposition from industry stakeholders and consumer groups.
According to Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), President Tinubu ordered the removal of the tax during deliberations on the newly enacted Finance Act. The move is expected to provide relief to Nigeria’s over 171 million active telecom subscribers, who have already been grappling with a 50% tariff hike earlier this year.
