Tax every GSM call above 3mins, Emefiele counsels FG.

Tax every GSM call above 3mins, Emefiele counsels FG.

Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part of panacea to the economic challenges in the country.

The CBN governor stated this while delivering a keynote address at the Annual bankers’ dinner held in Lagos on Friday.

According to him, “There are several ways we can raise additional revenue to finance the increased expenditure that is needed to engender fast and sustainable growth in the economy.

“I think we can consider a negligible telecom surcharge to be entirely borne by the initiator of a call. In order to protect the poor and vulnerable amongst us, we could structure it to only take effect after the third minute of talk.

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“Some analyses have indicated that the government could earn about N100 billion per annum from this alone. Obviously this surcharge will mainly be borne by middle and upper class people since I do not know many poor people who make calls for more than three minutes”.

He also advised the government to introduce little property taxes across the country like they do in the advanced countries which will further generate more revenue for the country.

He ended his notes by calling on Nigerians to be ready for Donald Trump ‘s governance in the US and that Nigeria should be proactive to adjust to external business changes.
By Joseph Emmanuel….

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