National Assembly proposes reintroduction of 5% excise duty on telecom, betting services
The National Assembly is moving to reinstate a 5% excise duty on telecommunications and betting services in Nigeria, despite the previous exemption granted to the telecom sector by former President Muhammadu Buhari. The initiative is outlined in an executive bill titled the “Nigeria Tax Bill 2024,” which seeks to reintroduce the excise duty. According to…