National

Tinubu Abolishes 5% Telecoms Tax For Nigerians

President Bola Tinubu has approved the scrapping of the controversial 5% excise duty, which applied to mobile voice and data services in the nation’s telecommunications services.

This development was disclosed by the Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, during a media briefing in Abuja on Tuesday.

He confirmed that the excise levy, which was initially suspended in 2023, has now been officially removed under revised national tax laws.

Naija News understands that the total removal of the tax is aimed at easing financial pressures on consumers and businesses in Nigeria’s digital economy.

“The 5% excise duty is no longer in effect.

“Initially, it was only suspended, but the President has now completely removed it. I was present when the issue was raised, and he firmly said, ‘No, we cannot place this burden on Nigerians.’ I was very pleased to see that this directive was upheld in the new legislation,” Maida said during the press briefing.

President Tinubu first suspended the tax in July 2023 as part of a broader fiscal policy overhaul aimed at mitigating the impact of multiple tax burdens on businesses and households. The suspension came through a series of executive orders signed shortly after he assumed office.

However, the issue resurfaced in October 2024, when the National Assembly proposed reinstating the tax as part of broader revenue-generating measures, which also included levies on gaming, betting, and lottery services.

The proposal was met with strong resistance from the telecom sector.

The matter has now been laid completely to rest based on the revelation by the NCC boss during his press briefing.

VAM News

Recent Posts

Enugu Rangers bag 2025/2026 NPFL Title

Enugu Rangers Beat Ikorodu City To Clinch Historic another NPFL Title ‎‎Rangers International F.C. have…

7 hours ago

2027: Tinubu emerges APC presidential candidate with over 10m votes

President Bola Tinubu has clinched the All Progressives Congress (APC) presidential ticket for the 2027…

8 hours ago

Three killed, 15 worshippers abducted during service

News Update Gunmen on Saturday night reportedly killed three persons and abducted 15 worshippers during…

11 hours ago

Tinubu Sweeps Osun APC Presidential Primary With 100,888 Votes, Opponent Gets Zero

President Bola Ahmed Tinubu on Saturday was declared the winner of the presidential election primary…

1 day ago

2027: Hon. Tajudeen Adefisoye Declares Tinubu Winner of Idanre APC Presidential Primary

News Update IDANRE, ONDO STATE – Hon. Tajudeen Adefisoye, an allegedly uncleared aspirant who also…

1 day ago

Ministers Who Quit Tinubu’s Cabinet Lose APC Primaries

THE decision by some former ministers of President Bola Tinubu to resign from the Federal…

1 day ago