Business
ICC Wants Tax Reduction On Telecoms’ Goods, Services
The International Chamber of Commerce (ICC) has urged all countries to reduce the taxation on telecommunications’ goods and services to encourage the growth of the sector.
Mr Eric Leob, Co-Chair, ICC Taskforce on Internet and Telecoms Infrastructure and Services, said in the latest edition of Nigerian-South African Chamber of Commerce (N-SACC) newsletter that taxes had retarded the sector.
“Discriminatory taxes unnecessarily stifle the adoption and use of broadband, mobile and other advanced information and communication technology (ICT) tools.
“These are the major drivers of development and growth in the information-based economy of the 21st century,” Leob said.
He said that several countries apply severe taxes on telecommunications’ goods and services than other goods and services.
According to him, such taxes are capable of driving the sector underground.
“Indeed, the trend of applying heavy taxes to telecommunications, often to subsidise non-telecommunications initiatives is increasing, even as countries identify telecommunications adoption as a fundamental goal for all citizens,” Leob said.
He said that taxes that impede the goal of universal adoption should be re-evaluated to enable the sector to provide substantial benefits to all citizens.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
