FG wants to introduce a 5% tax

FG wants to introduce a 5% tax on:

  1. Phone and internet services (telecommunications)
  2. Online gaming
  3. Betting activities

This means that if you:

  • Pay N100 for phone data, you’ll pay N105 (N100 + 5% tax)
  • Spend N500 on online gaming, you’ll pay N525 (N500 + 5% tax)
  • Bet N1,000, you’ll pay N1,050 (N1,000 + 5% tax).

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