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Nigerians To Pay 12.5 Percent Tax On Every Calls, Data

When the hike is implemented, Nigerians will pay 12.5 percent tax on calls and data. 7.5 percent being Value Added Tax currently being charged.

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Despite huge criticisms from stakeholders and consumers, the Federal Government has said there is no going back on the proposed five percent tax hike on telephone calls and data.

When the hike is implemented, Nigerians will pay 12.5 percent tax on calls and data. 7.5 percent being Value Added Tax currently being charged.

In a statement Mr. Tanko Yususa, media aide to Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning, said five percent excise duty on calls and data is a revenue driver for the government.

Yunusa said the minister gave the government’s position at a stakeholders’ meeting organised by the Nigerian Communications Commission (NCC).

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Mrs. Ahmed, who was represented by the Assistant Director, Tax Policy, Federal Ministry of Finance, Budget and National Planning, Musa Umar, noted, “The five percent excise duty has been in the Finance Act 2020, but has never been implemented.

“Henceforth, the five percent excise duty will be collected by telecom operators and payment made to the federal government on a monthly basis, on or before 21st of every month” the minister indicated.

She insisted that there was a circular stating the planned hike which was addressed to the communication minister and other relevant ministries and agencies of government.

The circular Referenced No. F. 17417/VI/286 dated 1st March 2022, and titled “Approval for Implementation of the 2022 Fiscal Policy Measures and Tariff Amendments” was addressed to different Ministers, including Minister, Communications and Digital Economy and other heads of government agencies.

The circular was addressed to The Secretary To The Government of The Federation, Attorney-General of The Federation, Ministers of Industry, Trade an Investment, Agriculture and Rural development, Mines and Steel and Development.

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Tinubu unveils 2024 Christian pilgrimage to Israel, Jordan

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President Bola Tinubu has officially flagged off the 2024 main Christian pilgrimage to Israel and Jordan.

This was contained in a statement by the Deputy Director and Head of Media and Public Relations of Christian pilgrimage, Celestine Toruka, and published on the Commission’s official X handle on Monday.

The president, represented by the Secretary to the Government of the Federation, George Akume, urged pilgrims to view their journey as an opportunity to strengthen their faith in God.

He noted that the theme of the 2024 pilgrimage, “Pilgrimage of Renewed Hope for Total Restoration,” aligns with the vision and agenda of his administration.

The president called on the intending pilgrims to pray for the progress of Nigeria, Lagos State, and their families.

Tinubu warned the pilgrims against absconding while in the Holy Land, stressing that there is no better place than home.

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Reduction in fuel pump price to reflect at filling stations within the week – PETROAN

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petrol

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged Nigerians to expect a reduction in the pump price of the product within the week.

It should be recalled that last week, the Nigerian National Petroleum Company Limited, NNPCL, and the Dangote Refinery reduced the ex-depot price of petrol to N899 per litre in Lagos.

PETROAN President, Billy Gilly-Harry, spoke on when the price change will take effect while appearing on Monday’s edition of Channels Television’s breakfast show, Sunrise Daily.

“But I believe from today when members start loading from both NNPC and Dangote at this new price reduction, it will reflect in the market.

“But also I’ll give kudos to some of our members, some of the leaders in PETROAN, you know, that have done so well, especially in Abuja, for even reducing their prices to below N1,000 before even this announcement.

“So, we don’t encourage our members to try to sell products at a loss because our focus is to serve Nigerians. And the only way we can serve Nigerians is when we have the resources to be able to do that.

“The resources can only be there if we’re making marginal profit enough to pay for the cost of money and make sure that we continue to do business. So, never mind, you’ll see the translation of this reduction of prices in the retail outlets hopefully within the week,” he said.

According to him, the inability of members to sell in line with the new ex-depot price is due to some of them having old stocks that were bought at higher prices.

The PETROAN boss commended Dangote Refinery and NNPCL for the reduction in the price of the commodity.

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FG declares wed, Thur, Jan 1, 2025 as public holidays

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Federal Government has declared Wednesday, December 25, 2024, Thursday December 26, 2024, and Wednesday January 1, 2025 as public holidays to celebrate Christmas, Boxing Day and New Year respectively.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government extended warm greetings to all Nigerians, urging them to use the festive period to reflect on the values of love, peace, and unity that the season signifies.

In a statement, Tunji-Ojo emphasised the importance of the season as a time to
foster harmony and strengthen bonds across families and communities.

The minister also called on Nigerians to remain committed to the peace, unity and progress of the nation for national development.

“The Christmas season is a good moment for both spiritual reflection and national renewal. As we celebrate the birth of Jesus, the Prince of Peace, let us demonstrate kindness and extend goodwill to one another, irrespective of our differences,” Tunji-Ojo, said.

He assured citizens of the Federal Government’s continued commitment to ensuring peace, security, and prosperity across the nation.

While wishing Nigerians a merry Christmas and a prosperous 2025, the minister expressed his confidence in the Renewed Hope Agenda of President Tinubu’s Administration ushering in the new year, a better and prosperous economy that will be the envy of the world.

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