“The suspension is a good development for telecoms subscribers and the telecoms industry. The Nigerian public should be grateful to the current government for being brave enough to suspend the five per cent excise duty on telecoms. As operators, we had been instructed to collect the tax from telecoms’ subscribers and remit it to the federal government, but with the suspension order, operators will no longer collect such tax and the subscribers will be free from the tax burden,” Adebayo said.
ALTON and ATCON, the two leading industry groups also told Technology Times that the removal of a five per cent tax on telecom operations would save phone subscribers in Nigeria from tariff hikes.
According to the groups, President Tinubu’s suspension of a five per cent excise duty on the telecoms industry has saved phone subscribers in Nigeria from tariff escalation.
