INTERNATIONAL BUSINESS TIMES
Nigerian telecommunications companies have proposed a 100% increase in their tariffs, which is waiting for government approval, as per MTN Nigeria’s CEO Karl Toriola.
Toriola explained that the proposed tariff increase is essential for the sustainability of the telecommunications industry, which has been struggling with rising operational costs.
He mentioned that they have requested a 100% tariff hike, but doubts it will be approved at that level due to the sensitivity of the current economic situation in the country, Punch reported.
Despite these challenges, Toriola remains hopeful that regulators will make the right decision, considering the industry’s current circumstances. The proposal, submitted to the Nigerian Communications Commission, aims to cover rising operational costs, such as inflation and higher service delivery expenses.
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