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70 CSOs reject proposed 5% telecommunications services excise duty

By Matthew Ogune, Abuja
03 August 2022   |   2:15 am
A Coalition of over 70 Civil Society Organisations (CSOs), the Nigeria Civil Society Situation Room, yesterday urged the Federal Government to desist from increasing and introducing new taxes on Nigerians

Telecommunication mast

A Coalition of over 70 Civil Society Organisations (CSOs), the Nigeria Civil Society Situation Room, yesterday urged the Federal Government to desist from increasing and introducing new taxes on Nigerians, particularly the proposed five per cent inclusive excise duty on telecommunications services, raising the tax to 12.5 percent.

Situation Room Convener, Ene Obi who made this observation in Abuja during a state of the nation address, called for the immediate removal of the Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, to save the current deteriorating status and state of the establishment.

Obi lamented the heavy depletion of the Excess Crude Account (ECA), which ought to serve as a cushion to help stabilise the country’s economy.

She stressed the need for the Federal Government to activate steps to address the current economic challenges, alarming unemployment, plummeting exchange rate and financial hardship on the citizens.

She added: “The economy is at its lowest ebb as the purchasing power of Nigerians has dwindled in the face of galloping inflation. Basic domestic commodities, power, energy and transportation are out of reach for the average Nigerian.

“National unemployment rate according to the National Bureau of Statistics stands at 33.3 percent, while unemployment of the youths is 42.5 percent.”