ICT

NCC: We Remain Committed to Our Regulatory Role, Reforms

By Seun Adams

The Nigerian Communications Commission (NCC) has said it remains committed to its regulatory role of continually implementing requisite reforms to strengthen the communications sector in Nigeria.

FIRS Ad

The Executive Commissioner, Stakeholder Management at the NCC, Adeleke Adewolu, stated this while addressing stakeholders at the combined second and third quarters 2023 meeting of the Industry Working Groups (IWG) on multiple taxation and regulations in the telecoms sector.

The meeting, which held in Ibadan, Oyo State on Tuesday, was convened as a precursor to a more elaborate Regional Stakeholders Workshop on Multiple Taxation and Regulations, scheduled to take place in the State on Wednesday.

Addressing the meeting, attended by senior executives of telecom licensees and their umbrella body, the Association of Licensed Telecom Operators of Nigeria (ALTON), as staff of the Commission, Adewolu said the IWG’s activities are geared towards ensuring fair tax policies and eliminating every incident of multiple taxation and regulations impacting the Nigerian telecommunications industry.

NCC Ad

He stated that a lot of milestones have been recorded by the industry since the establishment of the IWG over two decades ago, as the platform has proven to be effective in articulating industry concerns in this area and also proffering solutions to these issues.

“Considerable industry gains have been recorded lately, particularly as it relates to the issue of multiple taxation. For instance, His Excellency, President Bola Ahmed Tinubu recently signed Four Executive Orders designed to curb multiple taxation in the Country.

“Key amongst them is the Executive Order for the suspension of the five per cent Excise Duty on telecommunication services as well as Excise Duties escalation on other locally manufactured products,” he said.

He described the gains as laudable as, according to him, they continue to serve as inspiring landmarks for the industry, underscoring what can be achieved when the entire industry come together harmoniously to speak with one voice on existential concerns undermining the economic health of the communications industry.

However, the Executive Commissioner said there remains a lot of work to be done as the industry was still beguiled by arbitrary Right of Way (RoW) charges, hidden nuisance taxes and unauthorised regulatory encroachment into the communications industry.

As such, he said the Commission has continued to work assiduously to ensure harmonisation of RoW charges across the country.

He said aside several existing agencies the Commission has been working with, it is also collaborating strategically with sister agencies such as the Federal Inland Revenue Service (FIRS), in line with the National Economic Council (NEC) resolution of 2012 and the Nigerian Maritime Administration and Safety Agency (NIMASA).

“We are also working with the Nigerian Mainstream and  Downstream Petroleum Regulatory Authority (NMDPRA), all in a bid to ensure the regulatory actions taken by the agencies are well synchronised with the regulatory objectives of the Commission, in a manner that boosts market development and industry sustainability,” he said.

While tasking telecom licensees to continue to bring burning issues on multiple taxation and regulation to the attention of the Commission as they experience in their daily operation, Adewolu also assured them of NCC’s decision to always make necessary regulatory intervention to boost industry growth.

“The Commission is always inclined to executing the requisite reform that will strengthen the Communications Sector and deepen market development,” he said, as he urged all stakeholders at the IWG meeting to deliberate frankly and productively in highlighting pressing and key issues that require urgent attention.

Related Posts

NCC GIVES MTN, GLO 21 DAY ULTIMATUM TO RESOLVE INTER-CONNECT DEBT CRISIS

Extraordinaire News

NITDA, KASEDA EMPOWER 50 INDIGENES/MSMEs WITH DIGITAL MARKETING SKILLS

Extraordinaire News

NCC Irrevocably Committed to Tackling Telecom Infrastructure Deficit – Danbatta

Extraordinaire News

NCC Boss to DailyTrust Newspaper: Media is Indispensable, Attributes Success to Media Support

Extraordinaire News

As Concerns Mount over Shortfall of Expertise in ICT by 2030

Extraordinaire News

5% Tax on Telcos: Minister Debunks FG’s Endorsement, Faults Alleged Fiscal Amendment

Extraordinaire News

5G: NCC Tasks Telcos on Network Security, Safety Concerns

Extraordinaire News

NITDA: Aligning Digitalization to Transport Sector Imperative for Rapid National Development

Extraordinaire News

NITDA Boss Harps on PPP Initiative as Catalyst to Nigeria’s Digital Economy Drive

Extraordinaire News

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.