So This thing's Happened (EP 338) reviews: FG scraps 5% tax on airtime and data.
"FG Scraps 5% Tax on Airtime and Data – Is This a Win for Nigerians?" Yes indeed , the Federal Government of Nigeria (FG) has announced that they officially scrapped the 5% excise duty on telecommunications services, first introduced under Buhari. which included airtime and data. President Bola Tinubu's administration confirmed the removal in August 2025, with officials from the Nigerian Communications Commission (NCC) announcing that the levy had been eliminated as part of the new tax laws. Officials say the move is to ease the financial burden on Nigeria’s over 170 million active subscribers. Key details about the scrapping of the tax: A reversal of a previous levy: The 5% excise duty was initially introduced by the previous administration in the 2020 Finance Act to increase government revenue. Reason for the removal: The government cited a desire to ease the financial burden on mill...