Telecoms Regulation

Nigeria’s Telcos Increase Tariffs Following FG’s Introduction Of 7.5% VAT

Nigeria’s telecoms subscribers are now paying more for calls and data following the federal government’s implementation of the 7.5 percent VAT which began on February 1. The increase is a move up from 5 percent.

Gbenga Adebayo and Gbolahan Awonuga, the respective Chairman, and Head of Operations of Association of Licensed Telecommunications Operators of Nigeria (ALTON) confirmed this development in a statement.

The statement was released to notify the subscribers of all Nigeria’s mobile networks of the implementation of the VAT increase on February 1.
According to ALTON, the cost of telecoms products and services will definitely be affected by the VAT increase.

The umbrella body of Nigeria’s telcos said that the VAT increase would reflect on the charges of data, text messages and phone calls in the country.
ALTON assured subscribers that its members would adhere to tariff transparency and continue to deliver quality service when it comes to implementing the VAT increase.

President Muhammadu Buhari recently signed into law the new finance bill, which was designed to create an enabling environment for businesses and investments from the private sector.


Credit: This article originated from www.nigeriacommunicationsweek.com.ng





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