{"id":15927,"date":"2017-07-26T15:26:32","date_gmt":"2017-07-26T14:26:32","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=15927"},"modified":"2017-07-26T15:26:32","modified_gmt":"2017-07-26T14:26:32","slug":"fg-approves-tax-reduction-telecom-firms","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fg-approves-tax-reduction-telecom-firms\/","title":{"rendered":"FG approves tax reduction for telecom firms"},"content":{"rendered":"

The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland.<\/p>\n

It stated this through the Minister of Communications, Mr. Adebayo Shittu, at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was organised by the Lagos Chamber of Commerce and Industry.<\/p>\n

The minister said that the expansion of telecom services to the hinterland would ensure that many more people, especially the underserved and unserved populace, had access to basic services.<\/p>\n

In carrying out the government\u2019s decision, Shittu said that the National Economic Council had approved a policy to harmonise Right of Ways charges payable by telecommunications companies on local, state and federal highways.<\/p>\n

He said, \u201cThe policy, when it comes to fruition, will minimise the spaces occupied, burden on the roads and reduce taxes payable by the telecoms operators.<\/p>\n

\u201cAs such, with the RoW challenges gone, operators can invest in last mile infrastructure, especially fibre, that will boost services.\u201d<\/p>\n

The minister added that the ministry would liaise with states and relevant stakeholders for the smooth implementation of the RoW project.<\/p>

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He also said that the ministry would continue to support the establishment of companies in the areas of hardware and software development by ensuring that they were protected through regulations or other means.<\/p>\n

Shittu added, \u201cWe will assist them to grow. We have accepted that Nigeria must take the leadership role in Africa\u2019s Information and Communications Technology ecosystem.<\/p>\n

\u201cWe are amenable to Public-Private Partnership relationships to drive the ministry\u2019s projects. We, therefore, assert that 2017 must be a year of action.\u201d<\/p>\n

The President, LCCI, Dr. Nike Akande, said there was no better time to harness the benefits of ICT than now \u201cwhen the economy is in dire need of diversification.\u201d<\/p>\n

She added, \u201cToday, virtually all sectors leverage ICT for optimal performance. This is evident in the financial services sector, where electronic banking is now the vogue.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland. It stated this through the Minister of Communications, Mr. Adebayo Shittu, at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was organised by …<\/p>\n","protected":false},"author":6,"featured_media":9763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[714],"coauthors":[2391],"class_list":["post-15927","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-fg"],"yoast_head":"\nFG approves tax reduction for telecom firms - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fg-approves-tax-reduction-telecom-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG approves tax reduction for telecom firms - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland. 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