The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland.


It stated this through the Minister of Communications, Mr. Adebayo Shittu, at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was organised by the Lagos Chamber of Commerce and Industry.

The minister said that the expansion of telecom services to the hinterland would ensure that many more people, especially the underserved and unserved populace, had access to basic services.

In carrying out the government’s decision, Shittu said that the National Economic Council had approved a policy to harmonise Right of Ways charges payable by telecommunications companies on local, state and federal highways.

He said, “The policy, when it comes to fruition, will minimise the spaces occupied, burden on the roads and reduce taxes payable by the telecoms operators.

“As such, with the RoW challenges gone, operators can invest in last mile infrastructure, especially fibre, that will boost services.”

The minister added that the ministry would liaise with states and relevant stakeholders for the smooth implementation of the RoW project.

He also said that the ministry would continue to support the establishment of companies in the areas of hardware and software development by ensuring that they were protected through regulations or other means.

Shittu added, “We will assist them to grow. We have accepted that Nigeria must take the leadership role in Africa’s Information and Communications Technology ecosystem.

“We are amenable to Public-Private Partnership relationships to drive the ministry’s projects. We, therefore, assert that 2017 must be a year of action.”

The President, LCCI, Dr. Nike Akande, said there was no better time to harness the benefits of ICT than now “when the economy is in dire need of diversification.”

She added, “Today, virtually all sectors leverage ICT for optimal performance. This is evident in the financial services sector, where electronic banking is now the vogue.”

SOURCE: https://brandspurng.com/fg-approves-tax-reduction-for-telecom-firms/

Great news. but I hope there will be no Data hike!

Issorite

Govt without Direction putting more money into the pockets of Corporate Thieves like them.

Hmm

This should reflect in billing tarrifs..

9mobile should be tax free till they recover

One day , My comment will come on top. I will show it to My Biology teacher Mrs Adebayo , who said that I can't achieve anything in my life

NCP:
Govt without Direction putting more money into the pockets of Corporate Thieves like them.

and when they raised fines on MTN.....you people accused them of driving out investors.

Make up your mind sometimes....

clydedaniels:
Hmm

This should reflect in billing tarrifs..

Hopefully.....but GSM companies have a lot of costs doing business in NIgeria.

FOr example....most telecoms masts are powered by generators. Guess how much in fuel costs are spent fuelling them generators.

femi4:
9mobile should be tax free till they recover

More like they should be thoroughly investigated....

Ok, let us now feel the impact

Are they realising now? High tax drives away investors and makes customers pay more for the services provided.

sirfemoz:
Are they realizing now? High tax drives away investors and makes customers pay more for the services provided.

When you are a resource dependent country like Nigeria, and the prices of your resources go down....you have to raise taxes in the short term to keep the treasury afloat.

Yes, unfortunately, it does drive out investors....but it keeps us from borrowing more than we already have, and also from raiding the savings.

maybe good riddance to Etisalat or just a coincidence all the same this is good move, and i hope we can start buying 1gig data at the rate of #100 nd valid for a month

betfix2:
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and tariff keep increasing. Continue.

Hope dey wud reduce their charges as well



If nt den it shud be increased

Hope dey wud reduce their charges as well



If nt den it shud be increased

This soft landing must be pressed on the Telcos to reflect on the customers that have their sim cards.

Tax incentive must be felt by the customers

princeade86:
and tariff keep increasing. Continue.

This tells you that we are our own enemies and not the FG.

Dollar a year ago today was over N400.

Dollar today is N370, but nothing has changed in price mechanism since then.

Is it the FG that sells gala? Is it the FG that sells spare parts for cars?

Hope 5h can give 2GB now

Imagine a country where lawyers are heading the two most delicate sectors of the economy: power and communication.

9jakohai:


Hopefully.....but GSM companies have a lot of costs doing business in NIgeria.

FOr example....most telecoms masts are powered by generators. Guess how much in fuel costs are spent fuelling them generators.


You're wrong again bro.
No "Telcos" power their sites. They don't even own the masts. Sites are powered by power contractors: IHS, IPT Tech, Petroseal, JMG, Linksoft, INT.....

When MTN started, they owned everything and then telecom was the other oil company, until obasanjo administration ruined ever with the idea of "contract staff" or "outsourcing"

9jakohai:


and when they raised fines on MTN.....you people accused them of driving out investors.

Make up your mind sometimes....

that's how hypocritical Nigerians are.

I saw the comment and just passed without replying

martineverest:
that's how hypocritical Nigerians are.

I saw the comment and just passed without replying

You guys need to understand something here. How does this create jobs?

Expansion of their biz means more money to private pockets...them polithieves.

For example, 9mobile expands to Bornu, two things can happen.

1. Those already employed "CONTRACT" staffs would have more work to do, to their already overwhelming work. Or

2. More contract staffs would the hired and the already working contract staff would reduce so as to accommodate the new ones.

Additional:
The Indians get more Jobs in India and the money to pay them comes from Nigerian subscribers.

This is where I fault our leaders, NCC and NLC.

I still disagree with lawyer heading Communication and power industries.
9jakohai

abumeinben:


You guys need to understand something here. Expansion of their biz..typing

it will have a halo effect... The economy is being better

abumeinben:
Imagine a country where lawyers are heading the two most delicate sectors of the economy: power and communication.

Not just a lawyer, a Muslim fundamentalist as per the communication minister. Fashola is liberal.

9jakohai:


Hopefully.....but GSM companies have a lot of costs doing business in NIgeria.

FOr example....most telecoms masts are powered by generators. Guess how much in fuel costs are spent fuelling them generators.

Thank you bro.

MARKone:


Not just a lawyer, a Muslim fundamentalist as per the communication minister. Fashola is liberal.

Just too bad