Gist: CBN (Emiefele) Proposes N100Bn Tax on Mobile Phone Users  (Read 2796 times)

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CBN (Emiefele) Proposes N100Bn Tax on Mobile Phone Users
by flukky01 « on: November 21, 2016, 07:35:05 AM »




Mobile phone users will be in for hard times if proposal by the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to the federal government to introduce mobile phone call tax becomes a reality.

Emefiele has proposed an alternative to source of revenue for the government, and it is a telecoms tax for phone call conversations above 3 minutes.

He also suggested that the federal government introduce a tax on properties.

The Governor, who spoke at the 2016 Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) over the weekend, in Lagos, said such tax, targeted at the middle, upper class and long phone call makers, can generate N100 billion annually into the federal government coffers.

Emefiele explained that the surcharge will mainly be borne by middle and upper class people since many poor people do not make calls for more than three minutes.

He explained that stagflation occurs when a country’s Gross Domestic Product (GDP) is falling or stagnant while unemployment and inflation are rising, all simultaneously.


http://www.nigeriacommunicationsweek.com.ng/telecom/cbn-proposes-n100bn-tax-on-mobile-phone-users


 

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