The Federal government has suspended the proposed excise duty on telecommunication services.
The suspension was announced Monday by the Minister of Communications and Digital Economy, Isa Pantami, during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja.
According to the minister, the telecommunications sector is already overburdened by excessive and multiple taxation.
The Federal government, through the Budget Office of the Federation, had revealed earlier that it would begin the implementation of excise duties on telecommunication services and beverages in 2023.
However, Pantami maintained that he is against the implementation of this tax, arguing that it would raise the cost of telecommunication services for Nigerians.