Taxation must strike balance between revenue generation, industry growth – NCC boss, Danbatta

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The Executive Vice Chairman and Chief Executive Officer, EVC/CEO, of the Nigerian Communications Commission, NCC, Umar Garba Danbatta, has said that taxation while essential for funding of Government initiatives must strike a delicate balance between revenue generation and industry growth. The EVC said this at the “NCC DAY” part of which was marked at the

18th Abuja International Trade Fair organised by the Abuja Chambers of Commerce and Industry holding at the Trade and Convention Centre, Umaru Musa Yar'Adua Way, Abuja. The EVC, who was represented by the Director, Consumer Affairs, Mr Umar Alkasim, said that the Commission leverages the Trade Fair platform to engage telecoms consumers and business owners, who are based in various regions of the country.

Also, the number of active Internet subscribers was 159,034,717 Million with broadband penetration at 45.57 per cent as at August, 2023. In this new environment, the competitiveness of Nigerian businesses depends on their ability to leverage on new technologies by acquiring the necessary digital skills to do business on an international scale. This in turn benefits the economy financially.

 

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