The increment rate which is currently unknown will take effect from the 1st of December, 2016. This will be coming as bad news to a generality of Nigerian youths who dominate the Nigerian social media space with mobile phone data plans.
This disturbing report is also coming on the heels of a scathing economic recession which has forced the Central Bank of Nigeria for initiate a proposal of taxing phone conversations above three minutes. This is estimated to rake a N100 billion in a year for the national treasury.
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