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Tougher Times Ahead For Telecoms Industry in 2016 , ALTON Predicts

The Association of Licensed Telecoms Operators of Nigeria, ALTON has predicted a harsh business environment for telecommunication operators in the country come year 2016, if the present administration does not adjust the  amended Taxes and Levies Act 2015, signed by the former Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala.

Speaking at the quarterly seminar series of the Nigerian  Information and Communications Technology Reporters Association, NITRA,the Executive Secretary of ALTON, Gbolahan Awonuga, pointed that  amended act which contains the amended law on harmonisation of taxes and levies in states and local government, without fixing any particular rate, would further give room for states and local government authorities to  increase levies and taxes arbitrarily, thereby threatening the economic impact of the nation’s  sector.

“The fact that the act does not fix the taxable rate poses big threat to  telecoms industry,i am afraid next year will be so tough for them,”he noted

The President of NITRA, Mr Emma Okonji, also called for strong alliance between the Federal Government and the Nigerian Communications Commission for the implementation of the National Broadband Plan such  that will attract FDI, and also help to boost national development.

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