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

One Killed, Two Injured in Attacks on Kogi Communities

By Noah Ocheni, LokojaA resident has been killed and...

Nine Players Set for Manchester United Exit as INEOS Signal Major Overhaul

Manchester United are preparing for a significant squad shake-up...

FUL Political Science Department Felicitates Prof. Salisu Usman Ogbo as Vice-Chancellor, PAAU Anyigba

From Noah Ocheni, LokojaThe Department of Political Science, Federal...

Just In: Northern Youth Association Condemns Sealing of ACF Headquarters

Describes Action as Illegal, Calls for Legal RedressUrges ACF...

Lalong Picks Senate Nomination Form as Supporters Highlight Record of Public Service

Former Plateau State Governor, Simon Bako Lalong, has obtained...

BYERA To Engage Stakeholders On Electricity Market Regulations

The Bayelsa State Electricity Regulatory Agency (BYERA) has scheduled...

PASAN Bayelsa Hosts Zonal Week, Hails Speaker Ingobere

The Parliamentary Staff Association of Nigeria (PASAN), Bayelsa State...

Alleged ₦80.2bn Kogi Fraud: Witness Narrates Cash Payments for Maitama Property Project

By Francis WilfredA prosecution witness, PW14, Shehu Bello, has...

Northern Christian Leaders Caution Wike Over Jabi Lake Controversy

Say Politics Is Not a Licence to Disrespect GodBy...

SDP Holds Peaceful State Congress in Delta, Calls for Fresh Political Direction

By Anne Azuka The Social Democratic Party (SDP) in Delta...

Plants, Animals Face Rising Risk of Extinction as Expert Calls for Global Action

By Achadu Gabriel, KadunaPlants are among the most important...

Oyo NUT Elects New Executives

The Nigerian Union of Teachers (NUT), Oyo State wing,...

Just In: Northern Youth Association Condemns Sealing of ACF Headquarters

Describes Action as Illegal, Calls for Legal RedressUrges ACF...

Related Articles

Popular Categories

spot_imgspot_img