FG Proposes 5% Taxes On Telcom, Gaming, Betting hall

Nigeria's federal government, led by President Bola Ahmed Tinubu, has proposed a 5% excise duty on telecommunications services, gaming, and betting activities as part of a new bill to overhaul the country's tax framework . This proposal, outlined in the "Nigeria Tax Act," aims to impose excise duties on various services nationwide.
The government's goal is to increase non-oil revenue amid growing fiscal pressures. With Nigeria's telecom and betting sectors expanding rapidly, authorities see this bill as a way to widen the country's revenue base and mitigate revenue challenges.
Some critics argue that the additional tax will burden already impoverished citizens, while others suggest it's a necessary measure to boost revenue. Proponents of the bill, like tundegan, believe it's fair for profitable industries like telecoms and betting to contribute more to national revenue . However, others, like RZArecta, express concerns about the government's track record with tax collection and utilization.
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