Connect with us

Hi, what are you looking for?

News

Minister of Finance Announces Periodic Review of Telecom Tariffs Amid 50% Hike – Ravenewsonline

Telcos

Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that tariffs in the telecommunications sector will be reviewed periodically.

Recall that the Nigerian Communications Commission, NCC, had on Monday, January 20, granted approval to telcos to implement a 50 percent tariff hike sparking reactions from the Nigeria Labour Congress, NLC, who asked Nigerians to prepare for a possible nationwide boycott of telecommunication services while describing the decision as a “clear assault” on Nigerian workers’ welfare.

Edun speaking on Thursday, January 23 at the ongoing 2025 World Economic Forum, WEF, in Davos, Switzerland urged telecommunication companies to enhance service delivery in line with the price increase.

He said: “There has been inflation and rising costs and that has to be reflected for the telcos. There has been a high cost of living that has to be reflected.

“I think the 50 percent tariff adjustment is a starting point. It’s about compromise, timing, and sequencing these necessary changes.

“We want telcos operating efficiently, terminating calls seamlessly, and delivering high-quality services. At the same time, we want them to foster innovation, create jobs, and contribute to GDP.

“The 50 percent tariff is a situation that will be looked at on a forward-looking basis. As we go forward there will continue to be review, consultations and discussions in this area.”

Click to comment

Leave a Reply

Your email address will not be published.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

ad

You May Also Like

Tech

Meta has announced new measures to tackle spammy content on Facebook, aiming to enhance the Feed experience and support authentic creators. These updates are...

News

European Commission has imposed landmark fines on tech giants Apple and Meta in the first enforcement actions under the Digital Markets Act (DMA), a...

News

With progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has posited...

Tech

MTN Nigeria has announced the rescheduling of the MTN Champs Grand Finale to honour the legacy of its founding Chairman, Mr. Pascal Gabriel Dozie,...