Point-of-sale operators in Nigeria have expressed concern over the fact that certain state governments are now imposing an annual tax of at least N30,000 per agent. Obioha Oti, the National Vice President of the Association of Mobile Money and Bank Agents in Nigeria, revealed this during an interview with Channels Television on Thursday.
Oti discussed the growing threat of a shortage of the naira and its impact on Point-of-sale operators. He pointed out that these operators are grappling with naira shortages and substantial taxes in specific regions of the country. Oti claimed that state governments in Anambra, Cross River, and Akwa Ibom, as well as other states in the southwest and north, are levying daily taxes of N100 and monthly taxes of N2500 on PoS operators.
He further explained that in Anambra, the government has mandated an agency to collect N100 daily, N2500 monthly, and N1000 for registration. When calculated, this implies that each operator would end up paying a minimum of N30,000 annually in taxes to the government, and at times, multiple entities are involved in collecting these taxes.
