Report has emerged that the the Nigerian Communications Commission (NCC) might yield to the long demand of Telecommunication Operators to increase rates of calls, SMS, and internet bundles.
Recall that over a decade telecom giants like MTN Nigeria, Airtel, and 9Mobile, have been pressurising authorities to allow them adjust their prices in line with economic realities.
“We strongly hope that our approval to increase tariffs has been granted by the federal government. We hear they will allow us to do some upward review of tariffs by the first quarter of 2025. This sector is seriously bleeding; no new investment because of soaring operating costs. Some of us are already making losses. We just hope the sector will not be allowed to die”, the top official in the industry told journalists in Lagos.
Industry sources said the telecoms tariffs could rise by up to 40%.
This means to make a one minute call may cost N15.40 up from N11 and SMS charges will rise from N4 to N5.60.
For data plans, the price of a 1GB bundle will increase from N1,000 to at least N1,400.
“We think there may be a need for that,” the minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, had said in respect of the price adjustments in an interview on December 20.
