• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Nigeria Debates Telecom Tariff Increase

user avatar

by Giorgi Kostiuk

a year ago

Nigeria faces a 50% increase in telecom tariffs, sparking debate among lawmakers and the public.

Lawmakers' Reaction

The Nigerian House of Representatives has called to delay the telecom tariff increase, citing rising inflation and the economic crisis. Lawmaker Oboku Oforji, who led the discussion, noted that the hike would add financial pressure on small businesses and citizens.

It is estimated that a 10 per cent increase in telecommunications costs would reduce small business profitability up to 7 per cent, potentially leading to the closure of businesses.Oboku Oforji

Telecom Operators Begin Changes

MTN, Nigeria's largest telecoms provider, has started implementing the tariff hike, while others like Globacom and Airtel have yet to adjust their pricing. The changes include increasing the price for 15GB from ₦2,000 to ₦6,000.

Telecom Operators' Defense

The Association of Licensed Telecommunications Operators of Nigeria argues that the tariff increase is necessary for the sector's long-term sustainability. ALTON Chairman Gbenga Adebayo emphasized the importance of investment to prevent service decline.

The public’s concerns are valid, but this tariff increase is essential for sustaining the sector.Gbenga Adebayo

The introduction of new telecom tariffs has provoked strong reactions, but operators maintain that it is necessary for maintaining service quality.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korea Approves Legislative Framework for Security Token Offerings

chest

South Korea's National Assembly approved amendments to the Capital Market Act and the Act on the Electronic Registration of Stocks and Bonds, enabling security token offerings.

user avatarNguyen Van Long

UK Housing Market Sees Surge in Buyer Optimism

chest

The UK housing market is experiencing a significant shift in sentiment due to a sustained sterling correction and falling mortgage rates.

user avatarJesper Sørensen

Sterling Correction Attracts International Investors

chest

The depreciation of the pound has made UK real estate more attractive to foreign investors, particularly in prime London markets.

user avatarSatoshi Nakamura

European Central Bank Moves Forward with Digital Euro

chest

The European Central Bank has advanced to the next stage of the digital euro project, involving over 70 market participants, with potential pilot exercises starting in mid-2027 and issuance expected in 2029.

user avatarLucas Weissmann

CLARITY Draft Redefines Control in Crypto Markets

chest

The CLARITY draft emphasizes access control over asset origin, shifting regulatory leverage towards centralized and decentralized exchanges and custody providers.

user avatarRajesh Kumar

Philippines Implements Blockchain for Government Documentation

chest

The National Printing Office of the Philippines has selected Venom blockchain to digitize government forms, marking a significant blockchain use case.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.