RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Telcos fault FG’s move to impose new GSM phone call tax

Rate Captain by Rate Captain
May 24, 2022
in Business
Reading Time: 2 mins read
A A
0
Telcos fault FG’s move to impose new GSM phone call tax
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Telecommunications operators in the country have faulted the newly proposed tax on phone calls by the Federal Government.

The telcos under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) said the decision was contrary to the position of the government recently when they (the operators) announced plans to increase tariffs because of the high cost of diesel powering their base stations.

AlsoRead

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

Showmax  to be shut down by MultiChoice after 11 years.

MTN and Airtel Generate N3.6 Trillion from Data Services in 2025 as Consumption Hits Record Highs

According to the Chairman of ALTON, Engr. Gbenga Adebayo, telecom subscribers will bear the brunt of the new tax because they will now get less value for what they pay for. He adds that the operators will have no choice but to start deducting the tax from the subscribers’ recharge once mandated by the government.

 

Reacting to the new tax, the ALTON Chairman said: “For us as at ALTON, it is bad fate on the part of government and I think it is badly intended. This is because when we came out that the government should look at our cost of operations and give us a room to review tariffs, everybody treated us like outcast.

“The same government is now coming in a matter of days to say they are introducing new taxes. So, if we cannot review based on the impact it will have on subscribers, why are they bringing in another tax, still on subscribers. Government cannot act in one way and say another thing.”

Adebayo added that tax could be introduced to another service, not a service that is so live-impacting like telecommunications. “The reason for it is understandable, but we think it can be sourced from other sources, not telecoms subscribers, whom the government itself has said are suffering because of the high cost of living lately. We will not complain as operators because we will definitely remit, it is the subscribers that will bear the brunt. I say again that for us to have a sustainable industry, we must price right. Government cannot escape from this responsibility for a long time,” he said.

Previous Post

ECB warns that unbacked crypto assets represent a risk to financial stability

Next Post

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

Related News

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

by Jide Omodele
March 6, 2026
0

Nigerian banks extended N75.24 trillion in credit to the private sector in January 2026, marking a decline of about N590...

Multichoice to Launch Integrated Payments Platform

Showmax  to be shut down by MultiChoice after 11 years.

by Victoria Attah
March 6, 2026
0

In a major shake-up for Africa's streaming landscape, French media giant Canal+ has decided to discontinue Showmax, the continent's homegrown...

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

MTN and Airtel Generate N3.6 Trillion from Data Services in 2025 as Consumption Hits Record Highs

by Jide Omodele
March 4, 2026
0

Nigeria's two largest telecom operators, MTN Nigeria and Airtel Nigeria, collectively earned more than N3.6 trillion from data services alone...

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.

by Victoria Attah
February 27, 2026
0

MTN Nigeria Communications Plc has reported service revenue of N5.2 trillion for the 2025 financial year, underscoring its position as...

Next Post
Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August

Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

March 9, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

March 9, 2026

Popular Story

  • Pension Assets Hit N28.03trn in January as 400,000 New Contributors Join

    0 shares
    Share 0 Tweet 0
  • Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge

    0 shares
    Share 0 Tweet 0
  • Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

    0 shares
    Share 0 Tweet 0
  • Nigeria’s 2018 Budget in Summary

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>