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GSM industry paid govt $1.8bn in taxes in 2017



GSM industry paid govt $1.8bn in taxes in 2017

A report by the Global System for Mobile Association (GSMA) has said that the mobile technology ecosystem generated $1.8bn revenue in form of taxes to the Nigerian government in 2017.

This figure, the report noted is about 16 percent of the total tax revenue of government for the year, adding that the industry also contributed 5.5 percent of the nation’s Gross Domestic Violence, GDP at $21 billion for the same year.

The report, titled ‘Spotlight on Nigeria: Delivering a digital future’, additionally stated that the business activities of operators in the GSM industry, which included original equipment manufacturers, the mobile network operators, the content and infrastructure providers and other support services providers, had also created 500,000 jobs for Nigerians.

Read also: Nigerian govt targets 2020 for deployment of 5G network

According to GSMA, mobile technology is having a direct and positive impact on the daily lives of Nigerians, by fostering inclusive growth and enhancing the productivity and efficiency of the economy.

“Growth in the adoption of digital services by government, businesses, and consumers is having a positive impact on daily life in Nigeria. Mobile technology is playing an increasingly central role in the country’s economy and, for the majority of Nigerians, mobile broadband is the first and only technology for accessing the Internet, opening the door to a whole new world,” the reported stated.

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