The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has stated to maintain the expansion within the Telecom sector there’s want for secure financing to ensure sustainability within the sector.
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Danbatta said this on the ongoing 18th Abuja worldwide commerce honest organised by the Abuja, Nigeria Chamber of Commerce and Industry (ACCI), with the theme – ‘Sustainable Financing and Taxation’
Professor Danbatta who was represented by the Director Consumer Affairs Bureau (CAB), of the NCC, Alkasim Umar, he stated,
“Sustainable financing in telecommunication includes sourcing the required capital to construct and keep sturdy telecommunications networks. As regulators, we perceive that this financing needs to be secure, accessible and conducive for trade development.
On the problems of taxation, he pressured the necessity for a stability between taxation and income era to allow development.
“Taxation whereas important for funding of Government initiatives should strike a fragile stability between income era and trade development.Our position as regulator, is to advocate for honest taxation practices that don’t stifle innovation or place undue burden on customers.
“We acknowledge the intricacies of tax insurance policies however emphasise the significance of making an atmosphere the place telecommunications firms can thrive.
According to the NCC Boss “to address these challenges the Commission continuously engage both the Federal and State Government on the need to harmonise taxation in the telecommunications sector.” He stated
He famous that the Commission recognises the truth that telecommunications sector has been a strategic driver of the digital financial system agenda of the Federal Government.
“As it continues to offer the wanted digital stamina to assist the financial system, particularly by means of expertise.
“NCC’s regulatory efforts in deepening entry to digital companies will profit Nigeria and make it aggressive comparable with different economies within the areas of job creation; contribution to Gross Domestic Product (GDP) development; emergence of latest companies and industries; workforce transformation; and enterprise innovation.
“It is in our response to ensuring that Nigeria is competitive in all these areas that the Commission continuously puts a number of regulatory measures in place to ensure seamless access by Nigerians to telecommunications services in order to deepen competitiveness of the Nigerian economy by making our businesses and industries digitally compliant, ” he emphasised .
The Director CAB, NCC, Alkasim Umar, represented by the Head, Consumer Policy Development and Monitoring at NCC, Mr Ayanbanji Ojo in his remarks stated, “As the industry continues to grow and evolve, it is essential that we address the issue of sustainable financing and taxation to ensure its long term viability.”
He additionally famous that the NCC has put measures in place guarantee the patron is protected .
“NCC’s dedication to making sure honest competitors and a level-playing discipline for all stakeholders within the telecommunication trade, significantly in safeguarding the curiosity of customers from abuse of their rights and privilege, and towards unfair practices within the telecom service worth chain.
“This dedication is demonstrated by the Commission’s steady effort to ascertain seamless packages that may Protect, Inform and Educate (PIE Mandate) telecom customers by means of numerous consumer-centric initiatives corresponding to:
Consumer Education Outreach Programmes, Telecom Consumer Parliament (TCP), Telecom Town Halls on Radio (TTR), Telecom Consumer Conservation (TCC), Professionals’ Dialogue, Village Square Dialogue, Television (TV) Dialogue, and Trade Fairs corresponding to this one right this moment, NYSC, Student – Campuses
Consumer Complaints Management (CCM):
“Strategic partnership with Law Enforcement agencies to protect Telecom Infrastructure: ” he stated
