• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, September 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FG Mum Over Request By Telcos To Raise Tariffs

by Leadership News
1 year ago
in Business
telcos
Share on WhatsAppShare on FacebookShare on XTelegram

Nearly two weeks after telecommunications operators issued a statement seeking the approval of the federal government to increase tariffs on their services, the federal government has yet to make any official statement on the matter.

Advertisement

The telcos, under the aegis of the Association of Licensed Telecom Companies of Nigeria and the Association of Telecom Companies of Nigeria, issued a joint statement asking the government through the Nigerian Communications Commission (NCC) to expedite the approval.

The two bodies, in their statement, based the proposed increase on the increasing difficulty in doing business following the forex crisis and the losses incurred by the telcos.
The statement said, “Despite the adverse economic headwinds, the telecommunications industry remains the only industry yet to review its general service pricing framework upward in the last 11 years, primarily due to regulatory constraints.

“For a fully liberalised and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode investors’ confidence.”
However, since this request was made the government has not responded, which might be an indication that it may not approve the tariff hike because of the hardship it will impose on Nigerians already facing enormous hardship.

Efforts to reach the minister of Communications, Innovation and Digital Economy, Bosun Tijjani, did not yield fruit as he could not be reached for comments.

ADVERTISEMENT

A source within the NCC told our correspondent that the government might not grant the price hike request out of concern for Nigerian consumers. He added that the approval will not be given until the government had done cost-based studies to ascertain the impact on telcos based on micro and macro variables.

Telecommunications operators in the country, including MTN Nigeria and Globacom, had asked for the approval due to foreign exchange losses and rising energy costs which forced some of the operators to post losses last year.

The telcos appear to be taking a cue to raise tariffs from MultiChoice, a South African pay television company, which raised its tariff. Several companies including electricity firms (DisCos) and brewing companies have also raised their prices in recent times.

ADVERTISEMENT

The telecom associations urged the government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability.

The telecom industry appears to be among a few sectors that have yet to review their prices despite the rising inflation in the country amid other economic challenges. They blamed this on the regulatory restraints that had been preventing them from pricing appropriately.
The associations have reportedly made similar proposals in the past but former minister of communications and digital economy, Prof. Isa Pantami, refused to allow the tariff hike.
The chairman, Association of Licensed Telecom Operators of Nigeria, Gbenga Adebayo, was quoted as saying that cost reflective tariff was non-negotiable.

RELATED

FirstBank Facilitates 52 Women into WimBiz Associate Membership

First Bank Supports Gold, Minerals Value Chain, Sponsors Exhibition

4 hours ago
FG Ready To Support Marketers For CNG Pumps Installations – Lopkobiri

Lokpobiri Woos EPC Investors With Reduced Royalties, Enhanced Cost Recovery

4 hours ago

“We have seen the impact of price control in other segments of the economy, like power. If providers cannot operate sustainable business models, then they’ll stop investing. When that happens, the existing infrastructure starts to crumble.

“For power, a consumer can choose to take ownership of the solution by buying a generator, or a solar panel. For fuel, the government can step in as a provider of the last resort and manage a subsidy regime that mitigates the impact on the population. Those options are not available in the telecoms sector. There is no self-help solution,” he explained.

Due to the difficult operating environment, investment in the sector has reportedly dwindled to $134m in 2023 from $456.8m in the previous year, a decline of $322m, according to the National Bureau of Statistics. This represents a decrease of approximately 70.5 per cent.


Join Our WhatsApp Channel



Tags: telcos
SendShare10178Tweet6361Share
ADVERTISEMENT
Previous Post

Shettima Off To US For America-Africa Business Summit

Next Post

Only PhD Students Eligible To Bring Dependents To UK – Envoy

Leadership News

Leadership News

You May Like

FirstBank Facilitates 52 Women into WimBiz Associate Membership
Business

First Bank Supports Gold, Minerals Value Chain, Sponsors Exhibition

2025/09/08
FG Ready To Support Marketers For CNG Pumps Installations – Lopkobiri
Business

Lokpobiri Woos EPC Investors With Reduced Royalties, Enhanced Cost Recovery

2025/09/08
Customs Approve $300 As Threshold For Duty-free Imports
News

Customs Approve $300 As Threshold For Duty-free Imports

2025/09/08
Baliqees Wins Prestigious West Africa Women Agripreneur Award
Business

Baliqees Wins Prestigious West Africa Women Agripreneur Award

2025/09/07
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts
Business

India Expands Crude Purchase From Nigeria

2025/09/07
NGX Group Appoints Popoola As GMD/CEO
Business

NGX Lifts Trading Suspension On Universal Insurance Shares

2025/09/07
Leadership Conference advertisement

LATEST

NDLEA Arrests 3 Drug Kingpins, Seizes N5.3bn Cocaine

Army Task Force Begins Tree Planting Campaign

Student Launches 7-day Prayer For Shettima

Senator Nwebonyi Gives Ebonyi Schools Furniture

Group Urges Probe Of Alleged Abuses Under El-Rufai’s Tenure

ADC Affirms Zamfara State Party Leaders

North West Development Commission To Seal $200m Agric Pact

Forum Empowers Youths, Women In Adamawa

Federal Government Releases N192bn For Primary Healthcare

Nigeria’s UN Humanitarian Coordinator Condemns Killing Of Civilians In Borno

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.