Despite the economic hardship, the Nigerian government has announced plans to impose a 5% tax on telecommunication, gaming and betting services in the country.
This was revealed in the Economic Stabilisation Bills recently sent to the National Assembly by the Federal Government.
The bill aims to introduce excise duties on services such as telecommunications, gaming, gambling, lotteries, and betting provided in Nigeria.
This means that Nigerians using telecommunications and betting services will have to pay more as part of the government’s efforts to revamp the country’s tax framework.
“Services, including telecommunications, gaming, gambling, betting and lotteries, however described, provided in Nigeria shall be charged with duties of excise at the rates specified under the Tenth Schedule to this Act in a manner as may be prescribed by the Service.”
Nigerians have expressed displeasure with the recent policies under President Bola Tinubu’s administration as they lament the country’s economic situation.
Many have taken to social media to share their thoughts.
b_uniqu.e: Never seen a govt that hat€s it’s citizens as much as this one
itisugochukwu: When are they going to start taxing Oxygen???
itrotboy: T-pain the tax collector
jeremaya001: Will 5% be enough? What about 50/50
emir_________1: Arsenal Dey spoil game baba still wan collect tax
liquid_scorpio: Since this regime came into power, we haven’t seen any drive for industrialisation, which is the core problem facing this country, all we hear is tax this tax that. Mr. President have you empowered the people you want to tax first before collecting their money?
holyst07: When Buhari said we will miss him, this is what he was talking about. May we not miss T-pain after this administration
_sarahjohnson01: Na wa o if dem no want citizens for this country again make dem just talk
Source: www.mynigeria.com
