Senate Summons Minister Of Finance Over N206bn

The Federal Government has announced through the Budget Office of the Federation that it will start enforcing its proposed excise levies on communications services and beverages in 2023.

This is in spite of criticism from the Nigerian Manufacturers Association
and Communications and Digital Economy Minister Isa Pantami.

Pantami had during the maiden edition of the Nigerian Telecommunications Indigenous Content Expo organised by the Nigeria Office for Developing the indigenous Telecom Sector, slammed the five per cent tax on telecoms services.

The Budget Office of the Federation, which is under the Ministry of Finance, Budget and National Planning, revealed its plan in its ‘2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy Paper, which was released on Friday.

It said this was in a bid to boost Nigeria’s non-oil revenue streams and further said that it expected excise duty revenue to grow exponentially
because of the introduction of telecoms service charge.

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