News | Events | Digital PR | Advertising

Home News Telecom Companies Propose 100% Tariff Increase In Nigeria
News

Telecom Companies Propose 100% Tariff Increase In Nigeria

Share
Share

Telecommunications companies in Nigeria have submitted a proposal to the Nigerian Communications Commission (NCC) seeking a 100% tariff hike to address escalating operational costs, including inflation and increased service delivery expenses.

This was disclosed by Karl Toriola, the Chief Executive Officer of MTN Nigeria, during an interview on Arise TV on Thursday.

Toriola explained that the proposed hike is essential for the sustainability of the telecom industry, which is grappling with significant financial pressures. However, he noted that it remains uncertain whether the NCC will approve the proposed increase.

“We’ve put forward requests of approximately 100 per cent tariff increases to regulators. I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” Toriola said.

Despite the uncertainty, Toriola expressed confidence that regulators would consider the sector’s realities and make an informed decision.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
FeaturesNews

Air Peace Suspends All Flights Nationwide Amid NiMET Strike

Air Peace Ltd. has announced the immediate suspension of all its flight...

NewsPolitics

Atiku’s Former Running Mate and Ex-Delta Governor Okowa Defects from PDP to APC

In a significant political shift, former Delta State Governor and 2023 vice-presidential...

NewsWorld News

Peter Obi Honors Pope Francis at Lying-in-State Ceremony in Rome

Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, was...

NewsPolitics

Tinubu Approves ₦50 Billion Support Package for Federal University Staff – Education Minister

President Bola Ahmed Tinubu has approved a ₦50 billion support package aimed...