Home News Telecoms industry pays N450b taxes annually – ATCON chairman

Telecoms industry pays N450b taxes annually – ATCON chairman

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Olusola Teniola, president of ATCON

The telecom industry annually contributes N450 billion in form of taxes to Nigeria’s economy, Mr Olusola Teniola, President, Association of Telecommunications Companies of Nigeria (ATCON), has said.
Teniola told the News Agency of Nigeria (NAN) in Lagos on Friday that the industry had been paying the sum in the last five years to the three tiers of government.
He said that certain taxes including corporation and Pay As You Earn (PAYE) were statutory, claiming that multiple taxes and some other levies made up the sum.

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