x

We’re Implementing Requisite Reforms to Strengthen Telecoms Sector, Says NCC

The Nigerian Communications Commission (NCC) has said it remains committed to its regulatory role of continually implementing requisite reforms to strengthen the communications sector in Nigeria.

The Executive Commissioner, Stakeholder Management at the NCC, Adeleke Adewolu, stated this while addressing stakeholders at the combined second and third quarters 2023 meeting of the Industry Working Groups (IWG) on multiple taxation and regulations in the telecoms sector.

The meeting, which held in Ibadan, Oyo State on Tuesday, was convened as a precursor to a more elaborate Regional Stakeholders Workshop on Multiple Taxation and Regulations, scheduled to take place in the State on Wednesday.

Addressing the meeting, attended by senior executives of telecom licensees and their umbrella body, the Association of Licensed Telecom Operators of Nigeria (ALTON), as staff of the Commission, Adewolu said the IWG’s activities are geared towards ensuring fair tax policies and eliminating every incident of multiple taxation and regulations impacting the Nigerian telecommunications industry.

He stated that a lot of milestones have been recorded by the industry since the establishment of the IWG over two decades ago, as the platform has proven to be effective in articulating industry concerns in this area and also proffering solutions to these issues.

“Considerable industry gains have been recorded lately, particularly as it relates to the issue of multiple taxation. For instance, His Excellency, President Bola Ahmed Tinubu recently signed Four Executive Orders designed to curb multiple taxation in the Country.

“Key amongst them is the Executive Order for the suspension of the five per cent Excise Duty on telecommunication services as well as Excise Duties escalation on other locally manufactured products,” he said.

He described the gains as laudable as, according to him, they continue to serve as inspiring landmarks for the industry, underscoring what can be achieved when the entire industry come together harmoniously to speak with one voice on existential concerns undermining the economic health of the communications industry.

However, the Executive Commissioner said there remains a lot of work to be done as the industry was still beguiled by arbitrary Right of Way (RoW) charges, hidden nuisance taxes and unauthorised regulatory encroachment into the communications industry.

As such, he said the Commission has continued to work assiduously to ensure harmonisation of RoW charges across the country.

He said aside several existing agencies the Commission has been working with, it is also collaborating strategically with sister agencies such as the Federal Inland Revenue Service (FIRS), in line with the National Economic Council (NEC) resolution of 2012 and the Nigerian Maritime Administration and Safety Agency (NIMASA).

“We are also working with the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), all in a bid to ensure the regulatory actions taken by the agencies are well synchronised with the regulatory objectives of the Commission, in a manner that boosts market development and industry sustainability,” he said.

While tasking telecom licensees to continue to bring burning issues on multiple taxation and regulation to the attention of the Commission as they experience in their daily operation, Adewolu also assured them of NCC’s decision to always make necessary regulatory intervention to boost industry growth.

“The Commission is always inclined to executing the requisite reform that will strengthen the Communications Sector and deepen market development,” he said, as he urged all stakeholders at the IWG meeting to deliberate frankly and productively in highlighting pressing and key issues that require urgent attention.

Hot this week

NCDMB Launches Training for 33 Graduates in Pipeline Pigging, Corrosion Control

The Nigerian Content Development and Monitoring Board (NCDMB) has...

FG Declares Two-Day Public Holiday for Eid-ul-Fitr

By Francis WilfredThe Federal Government of Nigeria has...

Police Arrest Suspected Illegal Arms Fabricator in Akwa Ibom

Police in Akwa Ibom State have arrested two men...

NAWOJ Bayelsa Calls for More Leadership Roles for Women Journalists

The Bayelsa State chapter of the Nigeria Association of...

New Police IGP, Disu Calls for Stronger Police- Media Collabo with Abuja Journalists

By Joyce Remi- BabayejuThe new Inspector-General of Police (IGP),...

Kogi NUJ Correspondents’ Chapel to Hold 2026 Press Week in Lokoja

The Correspondents’ Chapel of the Nigeria Union of Journalists...

Eid-el-Fitr: Kogi Revenue Chairman Sends Greetings to Staff

The Executive Chairman of the Kogi State Internal Revenue...

Eid-el-Fitr: Kogi Governor Ododo Urges Unity, Prayers for Nigeria

Kogi State Governor Ahmed Usman Ododo has extended Eid-el-Fitr...

EFCC Hands Over ₦3.9bn Recovered Funds to NNPCL

By Wilfred FrancisThe Economic and Financial Crimes Commission...

Vandalism Causes Collapse of Power Transmission Tower on Ughelli–Benin Line, TCN Says

The Transmission Company of Nigeria (TCN) says vandalism led...

Retired Police Officers Plan Protest at Presidential Villa Over Pension Bill

The Union of Retired Police Officers under the Contributory...

Apostle Kure Inaugurates Board for Throneroom College of Nursing, Urges World-Class Standards

The proprietor of Throneroom College of Nursing Sciences, Kafanchan,...

Eid-el-Fitr: Kano Speaker Calls for Peaceful Coexistence, Unity

The Speaker of the Kano State House of Assembly,...

Related Articles

Popular Categories

spot_imgspot_img