The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021, showing an increase of N265.25bn.
This is according to the ‘2021 Subscriber/Network Data Annual Report’ by the Nigerian Communications Commission.
The report read in part, “Total operating cost for the mobile network operators increased from N1,395,000,000,000 in 2020 to N1,658,235,000,000 at the end of 2021. This illustrates an increase of 18.74 per cent from the figure reported in 2020.”
In April this year, telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria said the rising cost of diesel had impacted negatively on their operational costs, while asking the Federal Government for special interventions.
