The Nigerian Communications Commission NCC has called for a continuous telecoms stakeholder’s engagement to eliminate the effects of multiple taxation on economic development.
NCC Executive Commissioner, Stakeholders Management, Adeleke Adewolu, made the call during NCC South West Regional Telecoms Stakeholders’ Workshop on Multiple Taxations and Regulations held in Ibadan.
Adewolu said that multiple taxation in the telecoms industry had continued to be the bane of economic development in the country.
According to him, taxation by design remains an instrument for economic development.
He added that the initiative of all tiers of government in using taxation as an instrument for socio-economic development needed to be supported.
He, however, noted that supporting the tax initiatives by the various tiers of government includes indicating where a category of taxes had become cancerous to economic development.
