Friday, January 24, 2025 - Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that tariffs in the telecommunications sector will be reviewed periodically.
Recall
that the Nigerian Communications Commission, NCC, had on Monday, January 20,
granted approval to telcos to implement a 50 percent tariff hike sparking
reactions from the Nigeria Labour Congress, NLC, who asked Nigerians to
prepare for a possible nationwide boycott of telecommunication services while
describing the decision as a “clear assault” on Nigerian workers’ welfare.
Edun
speaking on Thursday, January 23 at the ongoing 2025 World Economic Forum, WEF,
in Davos, Switzerland urged telecommunication companies to enhance service
delivery in line with the price increase.
He said:
“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.
“I think
the 50 percent tariff adjustment is a starting point. It’s about compromise,
timing, and sequencing these necessary changes.
“We want
telcos operating efficiently, terminating calls seamlessly, and delivering
high-quality services. At the same time, we want them to foster innovation,
create jobs, and contribute to GDP.
“The 50
percent tariff is a situation that will be looked at on a forward-looking
basis. As we go forward there will continue to be review, consultations and
discussions in this area.”
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