• Contact Us
  • About Us
Wednesday, March 4, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Technology

NCC caution states against multiple taxation in telecomm sector

metro by metro
July 5, 2019
in Technology
0
0
SHARES
0
VIEWS

The Nigerian Communications Commission (NCC) has cautioned state governments against the adverse effect of multiple taxation on the growth of telecommunication sector.
The Executive Commissioner, Stakeholders Management, of the commission, Mr Sunday Dare, raised the concern at the North-East Stakeholders’ Parliament meeting with Relevant Agencies in Charge of Telecommunications Matters on Thursday in Yola.
Represented by Mr Alkasim Umar, the Head of Compliance and Monitoring of NCC, he said communication is very critical to social and economic growth of a state, adding that everything needed to be done to encourage its expansion.
“It is therefore a matter of great worry that at this point in our history, we are still talking about protecting telecoms infrastructure from interference by agencies of government, or from multiple taxation and regulations, when all levels of government should actually be the ones encouraging and incentivising operators to build infrastructure in their domains.
“In essence, we all must take a long-term view of the need to provide a conducive environment for the spread of telecoms infrastructure, be they BTS sites or fibre infrastructure.
“The current practice of imposing heavy sector-specific taxes and charges on telecoms infrastructure; levying huge Right-of-Way charges and decreeing onerous regulations may appear to bring immediate revenues to the coffers of the state. But let us be clear: multiple taxation and regulation of the telecoms industry discourage investment.
“They deny government of long term revenues and they destroy the foundation for future growth.
“This is why we must all work towards win-win solutions that enable operators to roll-out fast and efficient networks which create opportunities for our citizens and develop our economies,” Dare said.
He noted that there was empirical evidence provided by World Bank that improvement in penetration of broadband and ICT infrastructure by 10 per cent would boost national GDP by 2.5 per cent in one year, saying the revenue from communication is catching up with oil.
The News Agency of Nigeria (NAN) reports that high-point of the meeting was the presentation of papers on “Harmonisation of Taxation/Regulation of Telecommunications Infrastructure” and “Legal Framework for Telecommunications Infrastructure Rollout” presented by Prof. Abiola Sanni and Paul Usoro (SAN), respectively.

Read Also

JPMorgan Warns ‘Parallel Banking System ’ Emerging, Puts Trillions In Deposits At Risk

Truecaller Partners with AnyMind Group to Expand Direct Sales Footprint Across MENA and Southeast Asia

Truecaller Ads Platform Now Directly Available to Advertisers in South Africa and Kenya via 365 Digital

Tags: NCC
Previous Post

NSE market capitalisation drops further by N33bn

Next Post

Expert wants FG to build more industrial clusters to improve FDI inflow

Related Posts

JPMorgan Warns ‘Parallel Banking System ’ Emerging, Puts Trillions In Deposits At Risk
Technology

JPMorgan Warns ‘Parallel Banking System ’ Emerging, Puts Trillions In Deposits At Risk

February 28, 2026
Business

Truecaller Partners with AnyMind Group to Expand Direct Sales Footprint Across MENA and Southeast Asia

February 27, 2026
Business

Truecaller Ads Platform Now Directly Available to Advertisers in South Africa and Kenya via 365 Digital

February 27, 2026
Trump Curious On Iran’s Resilience As Two Longtime Adversaries Meet Thursday For Talks 
Technology

Trump Curious On Iran’s Resilience As Two Longtime Adversaries Meet Thursday For Talks 

February 22, 2026
Next Post
CBN

Expert wants FG to build more industrial clusters to improve FDI inflow

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

March 3, 2026
Middle East Crisis Takes Toll On Nigerians As Dangote, Fuel Stations Increase Prices Of Petroleum Products

Middle East Crisis Takes Toll On Nigerians As Dangote, Fuel Stations Increase Prices Of Petroleum Products

March 3, 2026

Flocash and Quest Financial Services Partner to Launch Revolutionary Prepaid Visa Card in Zimbabwe

March 3, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version