Posts

NEW DIGITAL TAXES WILL MAKE INTERNET INACCESSIBLE (EXPERTS)

Stakeholders in the telecommunication industry have warned that the imposition of three new digital taxes on the operations and services of technology and telecommunications companies will hinder Nigerians' access to the internet. During a virtual discussions themed impact of communication service Tax on Affordable internet on Tuesday, they said the cost of these taxes in addition to 39 existing taxes that telecoms companies had been subjected to would be transfered to customers. this move would make data services less affordable for most NIgerians. The Nigerian Coordinator, Alliance for afordable Internet, OLusola Teniola,Identified the new taxes as nine Percent communications service Tax,0.005 percent cybersecurity levy and digital taxes for foreign companies with significant Economic presence in NIgeria. these New Financial obligations according to him will discourage more Nigerian from coming online, make connectivity more Expensive ans deter foreign investors. In his comme
Post a Comment
Read more

UNEMPLOYMENT RATE EXPECTED TO HIT 30% AMID THE EFFECT OF COVID-19 ON THE ECONOMY

 The Nigeria Economic Alert provides an analyses of the latest unemployment figures from the national Bureau of Statistics. According to the NBS labour Force Survey, Nigeria's Unemployment rate was 27% in Q2'20 - 4% point higher than the 23% reported in Q£'18. this is the First time in six quarters that the country's unemployment data has been published. by the Survey, the Unemployment rate was 29% which is higher than the 20% recorded in Q2'18. when Combined, 52% of the Labour is either without jobs or working below their potential. Some of the factors that Account for the Rise in unemployment and underemployment include: low level of industrialization in the Economy Slow Economic Growth Low employability and Quality of the Labour Force slow Implementation of the National Labour Policy Lack of Coordinating Labour Policies at the subnational Level in the alert, our economist estimate that unemployment could reach 28% im Q3'20 and 30% by Q4'20 based on our in
Post a Comment
Read more