Nigerian Telcos Consider Tariff Hike Amid Economic Pressures

Nigerian Telcos Consider Tariff Hike Amid Economic Pressures
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Telecommunication operators in Nigeria are considering raising tariffs for voice and data services, according to indications from a study conducted by KPMG, commissioned by the Nigerian Communications Commission (NCC).

The study, aimed at assessing costs, suggests that higher tariffs may be necessary to ensure the sustainability of telecommunication businesses. Factors such as the high cost of diesel and the depreciation of the naira contribute to the growing expenses faced by these companies.

Nigerian Telcos Consider Tariff Hike Amid Economic Pressures
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    Officials from some telecommunication companies have voiced support for adjusting prices upwards to cope with these economic challenges. They argue that with a significant portion of costs denominated in dollars and the ongoing devaluation of the naira, increasing tariffs has become essential to maintaining a viable business.

    Read Also: NCC Sets End-of-February Deadline for Unlinked SIM Deactivation

    One anonymous official emphasized the urgency of the situation, stating that delaying tariff adjustments could further jeopardize the industry’s stability amidst rising operational costs and difficulties in importing equipment.

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