Monday, May 29, 2023

Buhari Suspends 5% Excise Duty For Telecoms Sector

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President Muhammadu Buhari has approved the exemption of the telecommunications sector from payment of 5% excise duty earlier approved by the Federal government.


The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami disclosed this on Tuesday while briefing newsmen in Abuja.

He said the decision was reached by the Presidential Committee on Excise Duty which relied its report on multiple taxes being paid by the telecoms service providers in the industry.

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In another development, the President Buhari has refused to assent to the Constitution Amendment Bill on power to summon the President and state governors.

The Senate President, Dr. Ahmad Lawan, who dropped the hint during plenary on Tuesday, lamented the refusal of the President to assent to the constitution alteration bill and 18 others.

President Buhari had on Friday last week, assented to 16 out of the 35 constitution alteration bills transmitted to him for assent by the National Assembly.

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Informing the Senate in plenary on the presidential action, Lawan said out of the 35 constitution alteration bills forwarded to the President in January only 16 were assented to.

According to the Senate President, the most striking of the assented 16 bills was the Fifth Alteration Bill Number 6 which makes provisions for financial independence of State Houses of Assembly and Judiciary.


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Photo Credit: Getty

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