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NCC begs states to cut telecom taxes

The Nigerian Communications Commission has appealed to states and local government areas across the country to cut taxes imposed on telecom companies, asserting that excessive taxation would be counterproductive to the growth of the industry.

The Federal Government, in its 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper, said it would implement a five per cent excise duty on telecommunication services to boost its revenue base.

The Executive Vice Chairman, NCC, Aminu Maida, lamented that with between 50 to 55 per cent taxes already imposed on telecom operators, it would be difficult to attract foreign investments into the sector in line with President Bola Tinubu’s directive to the commission.

According to Maida, the NCC management has decided to embark on nationwide advocacy to appeal to state and local governments as well as other stakeholders on the need to reduce levies they imposed, especially the Right of Way charges and other multiple taxes.

Maida made the remarks on Tuesday at the Digital Economy Complex, Mbora, Abuja, during an interactive session with journalists in Abuja.

He appealed to states to consider the long-term benefits that would come to them if they allowed massive investments in the sector as job opportunities would be created alongside other value chains in the sector.

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