Nigeria’s federal government has suspended a five percent excise duty, a special tax on telecommunications services in Nigeria. Minister of Communications and Digital Economy, Isa Pantami, who announced this on Monday said the sector is already overburdened by excessive and multiple taxations. The government had in July said it would start implementing a five percent tax on telecommunications services in Nigeria as a way of generating more revenue for the country. Shares in MTN, the country’s biggest mobile provider, gained after the news of the suspension.
