Lagos, Nigeria – Nigerian telecommunications companies have jointly proposed a significant 100% tariff increase to the Nigerian Communications Commission (NCC) to address rising operational costs. This was confirmed by MTN Nigeria CEO, Karl Toriola, in a recent interview.
YEPS.NG reports that Karl Toriola has confirmed that all major telecommunications companies in Nigeria are united in their request for a substantial 100% tariff increase. During an interview on Channels Television’s “Sunrise Daily,” Toriola highlighted the significant operational challenges facing the sector, including rising inflation, currency devaluation, and soaring energy costs.
“We believe a 100% tariff adjustment is necessary to ensure the long-term sustainability of the telecoms industry,” Toriola stated. “While we understand the government’s concerns about consumer affordability, we are optimistic that a significant increase, potentially implemented in phases, will be approved.”
Toriola emphasized the unique position of the telecoms sector, noting that unlike many other sectors, including aviation and power, which have implemented tariff adjustments, the industry has not seen a commensurate increase to reflect the rising costs of operation.
“Data and voice tariffs in Nigeria are among the lowest globally, according to industry statistics,” Toriola explained. “This proposed tariff increase will enable us to continue investing in critical infrastructure, such as generators and power supply systems, to ensure network stability and improve service quality for our customers.”
The telecom industry is seeking to address the growing gap between operational costs and revenue, aiming to ensure the long-term viability of the sector and its ability to continue providing essential communication services to Nigerians.