Federal Government of Nigeria don announce plan to introduce 5% tax on telecoms services and other related sectors. This new tax policy, according to reports, is part of the government’s efforts to generate more revenue.
The announcement comes at a time when the government is looking for ways to mitigate the economic impact of the fuel subsidy removal. The tax is expected to affect various telecoms services, including voice and data plans, which could lead to an increase in the cost of these services for consumers.
This move has sparked concerns among telecoms operators and consumers, as it could further burden the already strained household budgets. The telecoms industry is a critical sector in Nigeria, providing essential communication services to millions of people across the country.
Details of how the tax will be implemented and the specific services that will be affected are yet to be fully disclosed. However, it is clear that the government is seeking to diversify its revenue streams in the face of economic challenges.
