See What CBN Has Started

… Nigerians reacts

CBN Governor, Godwin Emefiele has charged the Federal Government to tax Nigerians for every phone call which exceed 3 minutes, as part of plans to buffer the economic recession. This he said yesterday while speaking at the Annual Bankers’ Dinner in Lagos.

He said the government could raise additional revenue by introducing the charge.

According to him, “There are several ways we can raise additional revenue to finance the increased expenditure that is needed to engender fast and sustainable growth in the economy,”

Emefiele said, “I think we can consider introducing a negligible telecom surcharge to be entirely borne by the initiator of a call. In order to protect the poor and vulnerable amongst us, we could structure it to only take effect after the third minute of talk.

“Some analyses have indicated that the government could earn about N100 billion per annum from this alone. Obviously this surcharge will mainly be borne by middle and upper class people since I do not know many poor people who make calls for more than 3 minutes!”

Meanwhile, reactions has been trailing this remarks from concerned Nigerians, with cheerful protests from the community of particularly the social media

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