Edun’s Strategy on Regular Telecom Tariff Evaluation Explained
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that telecommunications tariffs will undergo periodic reviews to ensure they remain fair and balanced for both consumers and operators. This decision comes in response to rising operational costs and inflation affecting the sector.
The Nigerian Communications Commission (NCC) recently approved a 50% increase in telecom tariffs, marking the first adjustment since 2013. While telecom companies had requested a 100% hike, the NCC settled on a 50% increase to balance industry sustainability with affordability.
Minister Edun emphasized the importance of these adjustments, stating, “There has been inflation and rising costs, and that has to be reflected for the telcos. There has been a high cost of living that has to be reflected.” He also urged telecom operators to enhance service delivery in line with the price increase.
The government remains committed to fostering a thriving telecommunications sector that supports innovation, economic growth, and job creation. Periodic tariff reviews are intended to maintain a balance between ensuring fair pricing for consumers and enabling operators to manage rising operational costs effectively.