Finally some good news in the telecom industry as the Federal Government deduced to reducing payable taxes by telecom operators in Nigeria. In order to expand their services to the hinterland.

This report was conveyed by the Minister Of Communication, Mr. Adebayo Shittu at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was organised by the Lagos Chamber of Commerce and Industry.

Shittu made it clear that the expansion would create room for the telecom operators to serve the people better.
As both the underserved and Unserved would benefit greatly from the tax reduction, as they would get access to the basic services.

The Minister also made it known to the public that National Economic Council had approved a policy to harmonise Right of Ways charges payable by telecommunications companies on local , state and federal highways.

He said , “The policy, when it comes to fruition, will minimise the spaces occupied , burden on the roads and reduce taxes payable by the telecoms operators .
“As such, with the Row challenges gone, operators can invest in last mile infrastructure, especially fibre, that will boost services. "

He also stated that the ministry would discuss a common solution for the smooth implementation of the Row Projects with states and other relevant stakeholders.

He also said that the ministry would continually support the establishment of new companies in the area of hardware and software development by ensuring that they were protected by regulations or other means.
Shittu Added “We will assist them to grow. We have accepted that Nigeria must take the leadership role in Africa’ s Information and Communications Technology ecosystem.
“We are amenable to Public - Private Partnership relationships to drive the ministry ’s projects . We, therefore , assert that 2017 must be a year of action. ”

The President, LCCI, Dr. Nike Akande, said now is a great time to maximize the full potential of ICT in the Country “when the economy is in dire need of diversification. ”
She added , “Today , virtually all sectors leverage ICT for optimal performance . This is evident in the financial services sector , where electronic banking is now the vogue.”

Conclusion:
This development is coming after NCC Urged Nigerians to brace up for Revised Data Price Soon, which we are hoping would go significantly lower than before after this report.

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SOURCE: http://www.rammyblog.com.ng/2017/07/finally-fg-finally-approves-tax.html