Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

A-L-A-R-M-I-N-G: Taxes, Levies Gulp 70% of Telecoms Investment

NairametricsbyNairametrics
9 years ago
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

About 70 per cent of the investment by the telecommunications operators goes to various tiers of government in the form of taxes and levies, the Minister of Communication Technology, Mrs. Omobola Johnson, has said.

Johnson, who spoke during a Small and Medium Enterprises’ Summit at the World Economic Forum on Africa in Abuja on Wednesday, said several governments in the country were laying too much burden on the telecoms operators.

She listed other challenges facing the operators to include cable cuts in different parts of the country, blowing up of base stations, high cost of right of way and refusal of permit for critical infrastructure.

“Out of every naira investment in the sector, 70 kobo goes into different shades of taxes,” the minister said.

To tackle the problem of multiple taxation, Johnson said the Ministry of Communication Technology had initiated a programme that would reduce the tax burden on the states and increase investment in telecoms infrastructure.

She said, “We have four states that have signed up for the Smart State Project. These are Lagos, Anambra, Ondo and Gombe states. What they are doing is to work with us to remove all the bottlenecks to rolling out ICT infrastructure so that we can have better broadband and better voice services in their states.

“We are hoping to enrol all the 36 states but we want to start with the few states. All the telecoms companies have signed up to this. The states have said that they would reduce the taxes on ICT infrastructure; ensure that the base stations are protected; reduce the cost of right of way to lay fibre; and ensure that the fibres are also protected.

“The telcos have also said, ‘If you give that to us, we will increase investments in your states to ensure that you get more broadband and better voice services’. It is a quid pro quo. What that does is that it allows us to roll out infrastructure in a more systematic manner.”

Punch

Related

Tags: News Review

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • IPMAN says fuel will become affordable at affordable prices in two weeks
  • Fobally Art World Africa Foundation Launches Art Competition for Lagos State Secondary Schools and National Undergraduates from 1st of February 2023
  • Coronation Merchant Bank Releases its Economic Review and 2023 Outlook Report

Follow us on social media:

Recent News

In two weeks, fuel will become available at affordable prices – IPMAN

IPMAN says fuel will become affordable at affordable prices in two weeks

February 1, 2023
Fobally Art World Africa Foundation Launches Art Competition for Lagos State Secondary Schools and National Undergraduates from 1st of February 2023

Fobally Art World Africa Foundation Launches Art Competition for Lagos State Secondary Schools and National Undergraduates from 1st of February 2023

February 1, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics