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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      Nigeria implements 5% tax on voice calls, mobile data and text messages

      In addition to the current 7.5% value added tax on calls and data

      mm by RMB Africa Research
      August 15, 2022
      in News
      Reading Time: 1 min read
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      Nigeria implements 5% tax on voice calls, mobile data and text messages
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      To improve Nigeria’s revenue flow and ease a mounting fiscal crisis, Finance Minister Zainab Ahmed announced the implementation of a 5 percent tax on voice calls, mobile data and text messages. The implementation of the tax highlights the government’s strained financial picture. Nigeria is spending more on its debt servicing costs than it brings in revenue. The statement by Ahmed, however, did not say when the collections of the levy will begin — this tax is in addition to the current 7.5 percent value added tax on calls and data. While the tax may improve revenue flows to some degree, there are concerns it could slow the expansion of one of the fastest-growing sectors.

      Tags: Zainab Ahmed

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