Nigeria’s emergency economic intervention bill to amend dollar-based tax laws
Oyedele, who also spoke on the quick wins embedded in the ongoing tax reform, assured that the President is already implementing part of the reforms, based on the interim reports submitted about three weeks ago.
” According to him, ” The presidential tax reforms team will be engaging with members of the Federal Executive Council ( FEC), next week Monday to discuss with cabinet, as part of measures to fast track implementation
” In fact, we were supposed to do that last Monday but Mr President is out of the country, so we rescheduled it for next Monday.
” Mr President is already implementing some of our recommendations; some will be implemented by the Ministry of Finance, some by Mr President through an Executive Order, while some will be through the National Assembly.
Olutokun Toriola, the Chief Executive Officer ( CEO) of MTN Nigeria, while speaking on the successes recorded by the company, said the company is excited over the results recorded so far.
He disclosed that Nigeria remains the biggest telecom market in Africa, with over 200 million subscribers, at about 43% penetration, and unique mobile penetration growth.
He noted that mobile data is driving over 40% growth.
He noted Despite the ongoing economic challenges, the MTN still maintained strong commercial momentum, with data revenue hitting over N749b , following sustained growth opportunities presented by sustained higher demands for data, supported by accelerated 4G and 5G network coverage.
He noted that the MTN remains Nigeria’s leading mobile provider of communication services, with a strong position for long-term growth.
