FG Finally Approves Tax Reduction For Telecom Firms

Federal government said it had reduce tax payable by the Telecommunications operators in order to enable them improve and expand their services to the hinterland.

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

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

Shittu said that the Nigeria Economic Council had approved a policy to harmonise Right of Ways charges payable by telecommunications companies on federal, local and state 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.”

Reducing the tax payable by telcos will surely improve their services and consumers will be able to enjoy more of their services such as cheaper data plans and others.

What do you think?

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