Abuja, Jan. 3, 2025 – Telecom operators in the country have proposed a 100 percent tariff hike to address increasing operational costs in the sector.
Kari Toriola, the Chief Executive of MTN Nigeria, said this on Thursday while speaking on Arise television.
He said the proposal had been submitted to the Nigerian Communications Commission (NCC), while and the operators were just awaiting its approval.
The MTN chief executive said the proposed tariff hike was to ensure substance of their operation as the industry was facing serious financial challenges.
He said it was doubtful if the NCC would accede to their 100 per cent tariff hike request, but expressed optimism that the regulator might take into account the realities in the sector.
Toriola said the objective of the operators in proposing the 100% tariff hike was to ensure long-term sustainability of the industry, rather than short-term profitability.
“I believe we’re all on the same side, the policymakers, the regulators, our Chairman of ALTON, Gbenga Adebayo, and the industry. We’re united because we share concerns about a few fundamental issues.
“First, human rights are critical to driving any economy. Without a sustainable industry, the broader economy and the well-being of the people will be negatively impacted.”
