The Nigerian Communications Commission (NCC) has granted approval for telecom operators to adjust their tariffs in response to prevailing market conditions.
A statement from the NCC says this decision was made after extensive consultations with key stakeholders across the public and private sectors.
The approved tariff adjustment is capped at a maximum of 50% of current tariffs, which is lower than the over 100% requested by some network operators.
The NCC considered ongoing industry reforms that will positively influence sustainability when arriving at this decision.
Tariff rates have remained unchanged since 2013, despite increasing operational costs faced by telecom operators.
The approved adjustment aims to address the significant gap between operational costs and current tariffs, ensuring that service delivery to consumers is not compromised.
The NCC has prioritized striking a balance between protecting telecom consumers and ensuring the sustainability of the industry.
The Commission recognizes the financial pressures faced by Nigerian households and businesses and has mandated that operators implement these adjustments transparently and fairly.
Operators are required to educate and inform the public about the new rates while demonstrating measurable improvements in service delivery.
The NCC reaffirms its dedication to fostering a resilient, innovative, and inclusive telecommunications sector that promotes the overall growth of Nigeria’s digital economy.
This decision has sparked mixed reactions from Nigerians, with some expressing concerns about the impact of the tariff hike on consumers.
Others have praised the NCC for taking steps to ensure the sustainability of the industry.
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