The Federal Government yesterday suspended the controversial five percent excise duty on telecommunication services recently announced by the Ministry of Finance.
The Minister of Communications and Digital Economy, Isa Pantami disclosed this in abuja during the inauguration of a committee that will review the policy.
Pantami said he personally rejected the policy and advised president Muhammadu Buhari against it in view of the effects it would have on the digital economy.
He was also allowed to constitute a committee which will look at the tax critically and advise the president appropriately.
The committee include: Pantami Chairman, while the Minister of Finance and National Planning, Chairman Federal Inland Revenue Services (FIRS), Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC) and Representatives of all the telecom companies in Nigeria are members.