Financial analysts have expressed mixed views over the Federal Government’s plan to introduce excise duty on telecommunications airtime charges. xThe financial analysts expressed the mixed reactions in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. A tax consultant, Dr McAnthony Dike, told NAN that the plan was appropriate and would boost government revenue if well implemented. He suggested that the Federal Government should strengthen its diversification drive to boost revenue instead of initiating more taxes. Recall that the Director-General of the Budget Office, Mr Ben Akabueze, said recently at a World Bank event that the government was considering excise tax on telecoms airtime charges to boost revenue.

Source: The Guardian June 29, 2021 12:56 UTC