The Nigerian Postal Service (NIPOST)
said yesterday that implementation of the stamp duty policy would become a huge
revenue base for the country. On January 19, the Federal Government announced
that a stamp duty of N50 would be imposed on bank customers for money received
into their accounts via electronic transfers, cash and cheque.
he CBN explained that the policy was part of efforts by the Federal Government
to boost its revenue base in the non-oil sector. The Corporate Affairs Manager
of the Lagos Island Territory of NIPOST, Mrs Valerie Ekeogu, told the News
Agency of Nigeria (NAN) in Lagos that the stamp duty would give government
extra income to build infrastructure.
he CBN explained that the policy was part of efforts by the Federal Government
to boost its revenue base in the non-oil sector. The Corporate Affairs Manager
of the Lagos Island Territory of NIPOST, Mrs Valerie Ekeogu, told the News
Agency of Nigeria (NAN) in Lagos that the stamp duty would give government
extra income to build infrastructure.
