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Home ICT | Science | Technology

NCC Is Committed To Its Regulatory Role To Strengthen Telecoms Sector -Adewolu

Newscoven by Newscoven
September 6, 2023
in ICT | Science | Technology
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NCC Is Committed To Its Regulatory Role To Strengthen Telecoms Sector -Adewolu

L-R: Lagos Zonal Controller, Nigerian Communications Commission (NCC), Henry Ojiokpota; Assistant Director, (Financial Services), Chika Anohu; Executive Commissioner (Stakeholder Management), Adeleke Adewolu; Head (Compliance Monitoring), Isa Olatinwo; Executive Secretary, Association of Licensed Telecom Operators of Nigeria (ALTON), Gbolahan Awonuga and Ibadan Zonal Controller, NCC, Dr. Olubunmi Bamijoko, during the NCC quarterly meeting of Telecom Industry Working Group on Multiple Taxation and Regulations in Ibadan, Oyo State, on Tuesday. PHOTO: NCC

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The Nigerian Communications Commission (NCC) has said it remains committed to its regulatory role of continually implementing requisite reforms to strengthen the telecoms sector.

NCC Executive Commissioner, (Stakeholder Management), Adeleke Adewolu, stated this at the combined second and third quarters 2023 meeting of the Industry Working Groups (IWG) on multiple taxation and regulations in the telecoms sector.

The meeting, held in Ibadan, Oyo State on Tuesday, was convened as a precursor to a more elaborate Regional Stakeholders Workshop on Multiple Taxation and Regulations, taking place in the state today.

The meeting was attended by senior executives of telecom licensees and their umbrella body, the Association of Licensed Telecom Operators of Nigeria (ALTON).

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Speaking as staff of the Commission, Adewolu said the IWG’s activities are geared towards ensuring fair tax policies and eliminating every incident of multiple taxation and regulations impacting the Nigerian telecommunications industry.

He stated that a lot of milestones have been recorded by the industry since the establishment of the IWG over two decades ago.

Adewolu noted that the platform has proven to be effective in articulating industry concerns in this area and also proffering solutions to these issues.

“Considerable industry gains have been recorded lately, particularly as it relates to the issue of multiple taxation.

“For instance, His Excellency, President Bola Tinubu recently signed Four Executive Orders designed to curb multiple taxation in the Country.

“Key amongst them is the Executive Order for the suspension of the five per cent Excise Duty on telecommunication services as well as Excise Duties escalation on other locally manufactured products,” he said.

He described the gains as laudable as, according to him, they continue to serve as inspiring landmarks for the industry.

He said the gains underscored what can be achieved when the entire industry come together harmoniously to speak with one voice on existential concerns undermining the economic health of the communications industry.

However, the NCC Executive Commissioner said there were lot of work to be done as the industry was still beguiled by arbitrary Right of Way (RoW) charges, hidden nuisance taxes and unauthorised regulatory encroachment into the communications industry.

As such, he said the Commission has continued to work assiduously to ensure harmonisation of RoW charges across the country.

He said aside several existing agencies the Commission has been working with, it is also collaborating strategically with some sister agencies.

The agencies, he said, included the Federal Inland Revenue Service (FIRS), in line with the National Economic Council (NEC) Resolution of 2012 and the Nigerian Maritime Administration and Safety Agency (NIMASA).

“We are also working with the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA).

“[This is] all in a bid to ensure the regulatory actions taken by the agencies are well synchronised with the regulatory objectives of the Commission, in a manner that boosts market development and industry sustainability,” he said.

Adewolu tasked telecom licensees to continue to bring burning issues on multiple taxation and regulation to the attention of the Commission as they experience in their daily operation.

He also assured them of NCC’s decision to always make necessary regulatory intervention to boost industry growth.

“The Commission is always inclined to executing the requisite reform that will strengthen the communications sector and deepen market development,” he said.

He urged all stakeholders at the IWG meeting to deliberate frankly and productively in highlighting pressing and key issues that require urgent attention.

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