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Telecom Consumers Drag Nigerian Government to Court Over Plans to Increase Tax on Telecom Services

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Telecommunications consumers in Nigeria under the aegis of the National Association of Telecoms Subscribers (NATCOMS) have taken the Federal Government to court over a plan to impose a five percent excise duty on telecom services.

Displeased with the federal government’s proposed tax increase on telecom services, the National President of NATCOMS Adeolu Ogunbanjo while speaking to the press, stated that the plan to increase taxation in telecom services is unfair, noting that there are too many taxes already.

In his words, “There are too many taxes on telecom service. Putting too many taxes on it is not fair. When you buy airtime, you pay VAT. Why are we still paying VAT for the services.”

A part of the suit read, “A declaration that the imposition and implementation of Value Added Tax on telecommunication services, as taxable services by Section 2 of the VAT ACT as amended, by the 7th – 9th Defendants and the imposition and implementation of Excise Duty on telecommunication services by Section 21(2) of the Excise Act as amended by Section 37 of the Finance ACT, by the 7th – 10th Defendants amount to double taxation on the plaintiff’s members, who are telecommunication services consumers or subscribers in Nigeria, and therefore unconstitutional, illegal, unfair and null and void.”

Meanwhile, Nigeria’s Minister of Finance Budget and National Planning, Zainab Ahmed, disclosed that the tax was necessitated to help boost the government’s revenue.

Reports reveal that the imposition of the tax is a continuation of the federal government’s aggressive move to generate more revenue through tax to finance the 2023 national budget.

It is interesting to note that the federal government had mooted such an idea last year, but suspended it over citizens’ outcry, only for it to resurface in the Finance Bill currently before the National Assembly(NASS) for passage into an Act. 

It would be recalled that in 2022, a report by SB Morgen, titled “Inside Nigeria’s Subnational Fiscal Crisis, “revealed that the telecommunications industry appears to suffer disproportionately from the problems of over-taxation in Nigeria.

The report disclosed that there are over 40 different taxes and levies meted out on the service providers, especially, mobile network operators (MNOs) rendering telecoms services in Nigeria.

It further revealed that the aggressive taxation of the telecom sector is negatively impacting service quality, which has suffered a series of degradation as Nigerians continue to suffer the consequences.

Meanwhile, Nigeria’s Minister of Communications and Digital Economy, Prof. Isa Pantami, faulted the plan of the government to implement a five percent tax increase on the telecoms sector, noting that such a plan is detrimental to the growth of telecoms in Nigeria.

Was 2022 a Good Year for Crypto?

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It has been 13 years since Satoshi Nakamoto shook up the financial world by introducing Bitcoin. Since then, hundreds, if not more, have followed in an attempt to bring the “next big cryptocurrency” to the table. Some have had success, and some have failed miserably.

In either case, 2022 presented a mixed bag of a year when it comes to cryptocurrency. Even the successful cryptos took a massive dive, in large part due to political upheavals and economic troubles. However, a lot of good came out of cryptocurrencies as well. So, let us look and see if 2022 could be called an overall good year for cryptocurrency?

The Good

There was quite a bit of good that came out of cryptocurrency in 2022. First and foremost, as always cryptocurrency is a great tool for charity. And 2022 saw folks use different forms of cryptocurrency to send help and relief to the people in need around the world.

A lot of Ukrainians received funds in the form of cryptocurrency. This is a great way to support a cause, while simultaneously staying safe, as crypto transfers are completely untraceable. The same can be said for countries in need all around the world.

More than that, residents of Asia made quite a bit of money from cryptocurrency, if the statistics are anything to go by. So, for them, it certainly has been a good year. And the same can be said for plenty of residents of the European Union.

Quite a few crypto casinos opened their doors to great success as well. Not only that, but many established online casinos began accepting cryptocurrency as a viable method for deposit. If you are interested, Blitkingz is a crypto-friendly casino, that also features everyone’s favorite gambling games.

However, the year was not all that great. Quite a few cryptos took a dive, and many traders lost a lot of assets. So, in this next section, we are looking at the bad that 2022 brought to the industry.

The Bad

We are not going to lie. This past year was one of the worst that crypto has seen since its creation. The market had more bearish periods than ever, even prompting many to believe that it was on the edge of collapse. After all, at the tail end of 2021, Bitcoin was being traded for $68.000. And now, it is down to $21.000. So, we can’t blame anyone who is jumping ship. However, it is worth noting that, experts seem to think 2023 will be a great improvement.

In fact, many crypto traders might be thankful to know that the crypto market is already stabilizing. A lot of people believe that 2023 will be a good year. Perhaps not great, but certainly good. The political and economic troubles that brought the crypto collapse about are seemingly closer to being resolved, which can only be a good thing, both for the world of crypto, and the world in general.

Do Your Research Well: Never Sign Up to An Online Casino Without Reading Reviews!

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Of course, the majority of online casinos appear to be reputable at first glance, which is why they may look misleadingly safe to sign up to when viewing their ads. Yet, you must remember that before you do proper research, you won’t know for certain whether this is the case. And until you confirm this, an advertisement should be taken for what it is and nothing more than paid marketing.

To guarantee that you’re indeed registering at a trustworthy provider, you need to be judicious enough and invest some time doing proper research. Google is your friend: a simple search exercise will generate relevant results – be they in the form of positive or negative reviews.

You certainly don’t want to be reeled into what may possibly be an unlicensed, or, worse off, a blacklisted casino. Moreover, since online gambling laws are quite specific in the jurisdiction of Australia, filtering out your options is all the more important.

We decided to take our own advice and look up a few great operators and found that Hell Spin Casino is an excellent provider to play at. Not only that, you’ll be able to benefit from so many offers such as the 15 free spins no deposit bonus and even unlimited match bonus + 50 free spins upon your first deposit!

We couldn’t resist mentioning that casino, but we don’t want to hand you our full list of recommended casinos on a plate either. Instead, we’re here to help you learn what to look out for. Check out the below information to understand how good research can help you prevent yourself from falling victim to a rogue casino.

What are Rogue Casinos? 

These are casinos that aren’t adequately licensed, which essentially means that players are treated unfairly. Lack of fairness towards the player can take multiple forms, namely the following:

  • The offers made by the casinos are simply scams and you won’t really benefit from anything at the end of the day
  • Games do not use a random number generator but are instead tampered with by the casino so that it has more than the acceptable house edge as an advantage
  • The casino’s website is not encrypted, therefore your personal and financial data are not protected
  • Customers are not supported through a customer service team, so that any complaints about game unfairness or leakage of data are not addressed.

 Why are Reviews Worth Reading? 

The short answer to this question is: they’re worth reading to avoid falling prey to rogue casinos. But, I hear you ask, how can I know whether reviews are actually trustworthy or biased? Fair question; a casino review might very well be unreliable. But that is where the importance of reading multiple reviews comes in. It is unlikely that a rogue casino would have many positive reviews; and the opposite is also true – multiple bad reviews about a particular casino makes it unlikely that the casino is a legitimate one.

Reviews are also worth reading because in the most part, they are testimonials of avid players who have frequented that casino and can speak from experience.

Main Points to Look Out for When Reading a Casino Review 

First and foremost, the tone of the review will instantly tell you whether the player’s experience was a positive one or otherwise. Still, always read reviews with a critical eye. It’s normal for a player to be annoyed after losing a bet. But that doesn’t necessarily mean that the casino is a scam.

Another thing you want to learn from players’ reviews is how long it takes for the casino to process deposits and withdrawals. Having an efficient withdrawal and deposit system in place is an indicator of a well-oiled machine.

Casino reviews also typically comment about the quality of the customer support service. This is something you need to keep your eyes peeled for, especially if you’re a newbie who is still learning how to navigate the website, how to use payment methods, or even how to play a particular game.

But Wait… Don’t Limit Yourself to Casino Reviews 

The answer is a resounding no. Information is everywhere. Maximise the value of widespread, free information on the internet. The following are other a few great sources of information:

Expert casino guides – these are often legitimate and reliable, and contain both the pros and cons of playing with a particular casino.

Business documents – if a casino is really transparent, their financials and legal filings should be available for players’ perusal.

Terms and Conditions – these vary from one casino to another and although they’re in fine print, the information they contain is crucial for you to gauge whether the conditions are fair and generous. For instance, by knowing the wagering requirements you would be able to decipher whether you can meet them. Furthermore, knowing games’ RTPs can give you a clearer picture of how fair the games are. The RTP stipulates the return to player percentage, which represents the average amount of money that online slots or casino games pay back (or return) to the player over a long period of time.

Word-of-mouth recommendations – feel free to ask family, friends and colleagues who might have tried a particular casino, so that they can give you their two cents worth about it.

Leading the Charge: Orbeon Protocol (ORBN), Litecoin (LTC), and Quant (QNT) Poised to Ignite the Next Bull Market

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The crypto space is buzzing with talk of a potential bull market on the horizon. Industry experts are crowing about three coins that have the potential to lead the charge — Orbeon Protocol (ORBN), Litecoin (LTC), and Quant (QNT). With Orbeon Protocol (ORBN) already selling millions during the presale, they may be onto something.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is a blockchain-powered crowdfunding platform that connects startups with investors from around the world. Here, investors buy equity-based NFTs that represent a portion of the startup’s equity.

Orbeon Protocol (ORBN)’s approach to crowdfunding opens the door to investors who could not previously participate in more traditional, venture-based crowdfunding. This is because Orbeon Protocol (ORBN) allows users to purchase equity tokens with a minimum investment of $1.

Startups can also benefit from Orbeon Protocol (ORBN), as the platform facilitates access to a much wider pool of investors than would be possible through traditional methods. In addition, startups can raise funds without having to undergo the long, arduous process of navigating complex venture capital regulations.

With Orbeon Protocol’s (ORBN) sophisticated smart contracts, the meticulous paperwork and cumbersome process of changing ownership are automated seamlessly to streamline the entire process.

ORBN is the foundation of Orbeon Protocol (ORBN), used to facilitate transactions and payments within its diverse ecosystem. Holders of the ORBN token can unlock an array of benefits, including discounted fees, early access to projects, and staking rewards.

The presale represents a unique chance for investors to get in on ORBN before it hits the mainstream markets. With investors rushing to grab the last remaining ORBN tokens following a 1400% price increase, Orbeon Protocol (ORBN) could ignite the next bull market.

>>BUY ORBEON TOKENS HERE<<

Litecoin (LTC)

Litecoin (LTC) was designed to be a lighter version of Bitcoin (BTC) and is currently in the top 15 coins by market cap. Litecoin (LTC) is focused on faster transactions and lower transaction fees, making it ideal for everyday purchases. Plus, Litecoin (LTC) is one of the only blockchains to never go down due to hacks or technical issues.

Although it had been overlooked by some investors, Litecoin (LTC) is now experiencing renewed interest as a result of the upcoming Litecoin (LTC) halving event set to occur this year. Here, the Litecoin (LTC) block reward will be reduced from 12.5 LTC to 6.25 LTC, which is expected to lead to a Litecoin (LTC) price surge and increased investor interest.

So if you’re looking for a reliable crypto that has previous success and is ripe for a price surge, look no further than Litecoin (LTC).

Quant (QNT)

Companies want to integrate blockchain technology but have been hindered by the lack of scalability and slow processing times. That’s where Quant (QNT) comes in.

Quant (QNT) is a protocol that enables different blockchains to communicate with each other, allowing for scalability and faster transaction speeds. Quant (QNT) uses the Overledger Network to create a secure and distributed blockchain platform for business needs, making it easier for companies to integrate blockchain technology into their operations.

Quant (QNT) is also the native currency of the protocol and can be used to purchase services and pay fees on the network. As more and more companies adopt Quant (QNT), demand for cryptocurrency should surge, pushing prices higher.

Quant (QNT) is already seeing adoption. In fact, just last month Quant (QNT) teamed up with UST to provide tokenization services to the banking industry. Plus, there is even talk that the EU will use Quant (QNT) for CBDCs (Central Bank Digital Currencies).

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol  

Ganduje, Tinubu and Others to Commission Project in UI on Tuesday

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Kano State Governor Dr. Abdullah Umar Ganduje and the All Progressive Congress presidential candidate, Asiwaju Bola Ahmed Tinubu among other dignitaries will on Tuesday make it to the University of Ibadan for the commissioning of 500-seater Ganduje auditorium and large lecture theatre built and donated by the Governor.

This is according to a press release statement the media assistant to the Vice-Chancellor, University of Ibadan, Sunday Saanu published on his social media handle on Sunday. The statement reads as thus:

“Governor Ganduje who is an alumnus of the University of Ibadan where he bagged his PhD in Public Administration in 1993 had said that his doctorate degree in the University of Ibadan some 30 years ago equipped him for the giant strides he was able to accomplish in all spheres of life, hence the donation.

“The 500-seater is for the department of Basic Medical Sciences which had hitherto suffered inadequacy of lecture theatre.

“A reliable source in the University of Ibadan Alumni Association which facilitated the project under the leadership of the immediate past president worldwide, prof. Elsie Adewoye, hinted that all arrangements were being finalized to unveil the project on Tuesday.

“It will be recalled that last year, UI Pro-Chancellor, and chairman of the governing council, chief John Odigie-Oyegun, had described the action of the Governor of Kano state as an exemplary and exceptional act of benevolence towards his Alma Mater when the sod of the project was to be turned.”

The media aid to the Vice-Chancellor, UI, also noted that finishing touches were being put into the project on Saturday when several pictures of the project were taken.