Skip to content
October 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • FG removes 5% excise duty to drive growth in telecoms
  • Business & Economy

FG removes 5% excise duty to drive growth in telecoms

Admin August 20, 2025
Telecoms infrastructure

Telecoms mast

The 5 percent duty had been a subject of controversy among industry stakeholders including the media and consumer advocacy groups.

Telecoms infrastructure
Telecoms mast

Reprieve has come the way of telecom consumers and businesses in Nigeria as President Bola Tinubu has abolished the controversial 5% excise duty on telecommunications services.

Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, disclosed this during a media briefing in Abuja on Tuesday; stressing that the excise levy which was suspended in 2023 has now been officially removed under the revised national tax laws.

“The 5% excise duty is no longer in effect,” Maida stated.

“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,” he gushed in excitement.

The 5 percent duty had been a subject of controversy among industry stakeholders including the media and consumer advocacy groups. The Association of Telecommunications Companies of Nigeria (ATCON) had argued that reinstating the excise duty would undermine service affordability and accessibility, particularly at a time when reliable internet access is increasingly vital to Nigeria’s economy.

Stakeholders contended that such duty would increase the cost of digital access and threaten the viability of telecom operators already grappling with high operational costs.

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.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Aminu Maida ATCON Bola Tinubu Excise Duty NCC Telecoms

Post navigation

Previous Teaching hospital Enugu conducts 2 successful brain surgeries 
Next Tinubu in Japan, praises Nigeria’s Armed Forces; $5.5bn support coming for Africa

Related Stories

NBET Begins Settlement of ₦728bn Legacy Debt to Power GenCos, Gas Suppliers
  • Business & Economy

NBET Begins Settlement of ₦728bn Legacy Debt to Power GenCos, Gas Suppliers

October 9, 2026
NDIC pays N1.5 bn to over 10,000 depositors of newly failed MFBs NDIC
  • Business & Economy

NDIC pays N1.5 bn to over 10,000 depositors of newly failed MFBs

October 9, 2026
DIGITAL ECONOMY: FG targets 90,000km of fibre across 36 states by 2028 – Yilwatda
  • Business & Economy

DIGITAL ECONOMY: FG targets 90,000km of fibre across 36 states by 2028 – Yilwatda

October 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

It’s Fake News, Magistrate Court Did Not Order Araraume’s Arrest- Imo First Group
  • National News

It’s Fake News, Magistrate Court Did Not Order Araraume’s Arrest- Imo First Group

October 11, 2026
Ex-convict in Police net over alleged robberies targeting POS operators in Anambra Police
  • Metro News

Ex-convict in Police net over alleged robberies targeting POS operators in Anambra

October 10, 2026
The election prediction that offended some
  • Commentaries

The election prediction that offended some

October 10, 2026
Four UniCal dons make 2026 global top 2% scientists list
  • National News

Four UniCal dons make 2026 global top 2% scientists list

October 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.