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Implications of the Proposed Communication Service Tax Bill on the Socio-Economic Development of Nigeria

Implications of the Proposed Communication Service Tax Bill on the Socio-Economic Development of Nigeria

Benjamin Enahoro Assay
Copyright: © 2018 |Pages: 25
ISBN13: 9781522540298|ISBN10: 1522540296|EISBN13: 9781522540304
DOI: 10.4018/978-1-5225-4029-8.ch002
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MLA

Assay, Benjamin Enahoro. "Implications of the Proposed Communication Service Tax Bill on the Socio-Economic Development of Nigeria." Mobile Technologies and Socio-Economic Development in Emerging Nations, edited by Fredrick Japhet Mtenzi, et al., IGI Global, 2018, pp. 22-46. https://doi.org/10.4018/978-1-5225-4029-8.ch002

APA

Assay, B. E. (2018). Implications of the Proposed Communication Service Tax Bill on the Socio-Economic Development of Nigeria. In F. Mtenzi, G. Oreku, D. Lupiana, & J. Yonazi (Eds.), Mobile Technologies and Socio-Economic Development in Emerging Nations (pp. 22-46). IGI Global. https://doi.org/10.4018/978-1-5225-4029-8.ch002

Chicago

Assay, Benjamin Enahoro. "Implications of the Proposed Communication Service Tax Bill on the Socio-Economic Development of Nigeria." In Mobile Technologies and Socio-Economic Development in Emerging Nations, edited by Fredrick Japhet Mtenzi, et al., 22-46. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-4029-8.ch002

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Abstract

This chapter describes how the decision of the Nigerian government to introduce a Communication Service Tax Bill to the National Assembly to compel consumers of certain communication services to pay a 9 percent tax has pitted the government against major stakeholders in the ICT sector who are concerned about the future of the industry. While the government wants the legislative process regarding the bill to go on because of the financial gains that will accrue to it monthly, the stakeholders want it jettisoned for fear that it would impact negatively on the ICT sector and the economy, which is currently in recession. This chapter wades through the controversy by presenting the various positions canvassed by stakeholders and points the way ahead for the sector, which is fast becoming the hub of economic activities in Nigeria, to harness its full potentials for the overall benefit of the Nigerian society.

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