70 CSOs Reject Proposed 5% Excise Duty on Telecommunications Services | The Guardian Nigeria News

A coalition of over 70 civil society organizations (CSOs), the Nigeria Civil Society Situation Room, yesterday urged the federal government to refrain from raising and introducing new taxes on Nigerians, especially the right excise tax of 5% proposed on telecommunications services, raising the tax to 12.5%.

Situation Room Manager Ene Obi, who made the observation in Abuja during a state of the nation address, has called for the immediate removal of Central Bank of Nigeria (CBN) Governor Mr. Godwin Emefiele, to rescue the current deteriorating status and condition of the establishment.

Obi lamented the heavy depletion of the Excess Crude Account (ECA), which should act as a cushion to help stabilize the country’s economy.

She stressed the need for the federal government to activate measures to address the current economic challenges, the alarming unemployment, the falling exchange rate and the financial difficulties of the citizens.

She added, “The economy is at rock bottom as the purchasing power of Nigerians has diminished in the face of soaring inflation. Household basics, electricity, energy and transport are beyond the reach of the average Nigerian.

“The national unemployment rate according to the National Bureau of Statistics stands at 33.3%, while youth unemployment is 42.5%.”

Sean B. Jackson