The Nigerian Presidency has supported the 50% tariff hike approved for telecom operators by the Nigerian Communications Commission (NCC), emphasizing that the decision does not automatically result in a price increase. The Presidency clarified that operators are free to maintain current rates if they are sustainable.
In a statement from the President Bola Ahmed Tinubu Media Centre, it was explained that the review is essential for the sector’s viability, as telecoms have been operating under unchanged price mechanisms since 2013, despite rising operational costs.
The Centre acknowledged the strain on service providers due to the static pricing, noting that the NCC’s decision allows for a necessary price adjustment while balancing the interests of service providers and protecting the economic well-being of Nigerians. The increase, however, is far lower than the over 100% hike requested by operators.
It further emphasized the importance of the telecom sector in the economy, supporting millions of individuals and businesses reliant on connectivity. Without a sustainable pricing model, the sector risks stagnation, preventing operators from upgrading infrastructure to meet demand.
In addition to the tariff adjustment, the NCC has introduced stricter regulations to simplify tariff structures and combat exploitative billing practices. Operators failing to meet service obligations will face harsher sanctions, ensuring customers receive value for their money and promoting transparency in the industry.
