Lets Discuss: To Curb Recession Federal Government Wants N90 From Every N1,000 You Recharge, Will You Allow This?

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It has been revealed that the Federal government of Nigeria is planning on taking nine percent tax on SMS, MMS, phone calls, and pay TV bills in Africa’s largest telecommunications market Nigeria, this is as a bid to get out of the current recession the country is in.

Minister of communications, Adebayo Shittu, who spoke on he issue earlier said the proposed plan will generate as much as N20 billion for the federal government on a monthly basis, which is about N240 billion in a year.

In his words:

I have been reliably informed that the projected earnings from this effort is over N20 billion every month, which is an attraction to the government for funding our budget deficits

Shittu later added:

this government has a human face twined around its decisions,” stating that it would consider the masses before implementing such.

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It should also be noted that the Communication Service Tax (CST Bill 2015), having passed its first reading in the house of reps, may soon be on its way to becoming a law after it scales through its second reading of course, in simple terms, Nigerians may have to give N9 on every N100 recharge.

Our appetite as a government to increase revenue makes this bill worthy of our consideration,” Shittu also stated.

Shittu, further confirmed that the country has achieved only 10 percent broadband penetration, which is not up to the 30 percent mark set by the International Telecommunications Union (ITU) for 2018.

If we are to catch up with lost ground and meet up with the expectations of the global community in the area of affordable broadband service, we have to incentivise the populace by helping to aid access to low cost data service subscription

president of Lagos Chamber of Commerce and Industry, Nike Akande, who weighed in on the issue said for this to work, the FG, must balance revenue generation against friendly tax policy. She has also been joined by the following bodies;The National Association of Telecommunications Subscribers (NATCOMS), Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON), who have all also expressed their opposition.

So guys, whats your take on this? Will you be willing to give the FG  N90 From Every N1,000 airtime you recharge to enable the nation come out of this recession?

 

Let us know your thoughts in the comment section.

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Temitope Delano

8 Comments

  1. Givers ni, make dem no touch ma moni ooooo, tax ko taxi ni,
    Abi dey want to be a unfortunate fellow #InFalzVoice
    They shud better stop thinkin of it, in ds hard economy u still wanna remove frm us, wat rubbish, federal govt no tink am oooo, abi u want ur brain to scatter ni

  2. You pple in d corridors of power shud employ eco experts to advice to teach you basic knoledge of economics. It can neva help in dis economic recession, rather, it will wosen d situation. D burden will be shifted to d final cosumers tru indirect tax, and it may leads to capital flight as a result of high tax whch reduces d revenues of companies, they may decide to closedwn and go back to their countries, thereby, causing unemployment, increase in crime rate, poor standared of living. Etc.,

  3. Well thought out idea but if this so-called token is taking from citizens account then; it’s not fair.

    Service providers make stupendous money from subscribers. Scores should be settled btw them and fg. They should be the one to pay it without surchaging citizenry.

  4. This is ridiculous, when a country enter recession the best thing government should implore is to bring out policies that will encourage government to spend more so that money will be in circulation and also reduce tax. The truth is this present govt lack economy management. God had save us already we only need visionary leaders not all this present selfish leaders thinking of their self alone.

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