NEWS FLASH: Nigeria suspends plans to impose a tax on telecom services.

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The planned implementation of an excise tax on telecommunications services throughout the nation was halted on Monday by the federal government.

Isa Pantami, the Minister of Communications and Digital Economy, announced the news during the Presidential Committee on Excise Duty for the Digital Economy Sector’s inaugural meeting in Abuja.

In an effort to increase revenue from the non-oil sector, the federal government had announced on August 8th its intention to impose taxes on communications services and beverages beginning in 2023.

The measure was halted, the minister claimed at the meeting on Monday, since the telecommunications industry was already overtaxed.

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