• About
  • Advertise
  • Careers
  • Contact
Saturday, July 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Business

Nigerian Telcos Propose 100% Tariff Hike, Await Govt Approval

by ReportersAtLarge
January 3, 2025
in Business
Reading Time: 2 mins read
0
Nigerian Telcos tarrif - telcoms
Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

Nigerian telecommunications companies have proposed a 100 per cent tariff hike, pending approval from the government.

The proposal, submitted to the Nigerian Communications Commission (NCC), addresses rising operational costs, including inflation and increased service delivery expenses.

The disclosure was made by the Chief Executive Officer, MTN Nigeria, Karl Toriola, during an interview on Arise TV on Thursday.

ADVERTISEMENT

However, the CEO expressed that whether the Nigerian Communications Commission—the telecom regulator—will approve the proposal remains uncertain.

According to Toriola, the proposed tariff hike is necessary for the industry’s sustainability. The industry is facing significant financial pressures due to rising operational costs.

RelatedPosts

Makinde Turning Oyo To A 24-Hour Economy – Hotelier Association President, Ogundele

Petrol Scarcity Looms As Tanker Operators Protest N12,500 Levy

MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers

“We’ve sent requests for approximately 100 percent tariff increases to regulators. I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” Toriola said.

Despite the challenges, Toriola expressed optimism that regulators would make the right decision, considering the sector’s realities.

The CEO emphasised that the focus is on ensuring the industry’s long-term sustainability rather than short-term profitability.

“I believe we’re all on the same side—the policymakers, the regulators, our Chairman of ALTON, Gbenga Adebayo, and the industry. We’re united because we share concerns about a few fundamental issues. First, human rights are critical to driving any economy. Without a sustainable industry, the broader economy and the well-being of the people will be negatively impacted.”

The proposal comes amid rising costs for telecom companies, driven by inflation, exchange rate fluctuations, and the increasing price of key operational inputs like diesel, power generation, and raw materials.

Toriola highlighted the pressure these rising costs have put on telecom businesses, making it difficult for many companies to maintain profitable operations.

Earlier this week, operators issued a statement warning that service disruptions are imminent unless tariffs are adjusted to account for escalating operational costs.

Engr. Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria, described the telecom sector as “under siege,” citing soaring operational costs driven by inflation, volatile exchange rates, and rising energy prices.

He noted that despite these challenges, tariffs have remained unchanged, leaving operators struggling to maintain quality service and expand their networks.

The telecom chief warned that operators might resort to service shedding without an immediate tariff adjustment, limiting the availability of telecom services in certain areas.

The first call for a tariff adjustment was made in April 2024, but no significant progress has been achieved.

In response to the growing financial strain, ALTON and the Association of Telecommunications Companies of Nigeria issued a joint statement urging the Federal Government to facilitate a constructive dialogue with industry stakeholders.

Tags: Nigerian Communications CommissionTelcomTelcosTelcos In Nigeria
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Ayodele Ogundele President of Hoteliers Association
Business

Makinde Turning Oyo To A 24-Hour Economy – Hotelier Association President, Ogundele

by ReportersAtLarge
June 30, 2025
0

Mr Ayodele Ogundele, President of Hoteliers Association of Oyo State, has lauded Oyo State governor, ‘Seyi Makinde, for providing the...

Read moreDetails
Fuel Scarcity in Nigeria - Petrol Scarcity
Business

Petrol Scarcity Looms As Tanker Operators Protest N12,500 Levy

by ReportersAtLarge
June 17, 2025
0

Nigeria may be facing another wave of fuel scarcity as petroleum marketers and truck owners protest the enforcement of a...

Read moreDetails
MultiChoice subscribers - DSTV - GoTV
Business

MultiChoice To Begin Sports-Only Package After Losing Millions Of Subscribers

by ReportersAtLarge
June 14, 2025
0

The last two years have been doubly tough for the MultiChoice Group, and its latest audited results show that it...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Governor Aminu Tambuwal

Sokoto Guber Poll: Tribunal Affirms Tambuwal’s Victory

6 years ago
Robots covered in plastic sheets

China Aims Top-10 Automation Ranking By 2020 —Robot Industry Group

9 years ago

Popular News

  • Olubadan of Ibadan Oba Owolabi Olakulehin

    Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation

    0 shares
    Share 0 Tweet 0
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

    0 shares
    Share 0 Tweet 0
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025

    0 shares
    Share 0 Tweet 0
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

    0 shares
    Share 0 Tweet 0
  • Court Affirms Senate’s Right To Suspend Natasha

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation July 5, 2025
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke July 5, 2025
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025 July 4, 2025
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts July 4, 2025
  • Court Affirms Senate’s Right To Suspend Natasha July 4, 2025
January 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Dec   Feb »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights