• 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

Uniswap's Fee Switch Proposal May Attract Institutional Interest

chest

Uniswap's ongoing governance discussions regarding a fee switch mechanism could significantly enhance its appeal to institutional investors.

user avatarFilippo Romano

Celestia's Innovative Scalability Model Gains Attention

chest

Celestia's revolutionary modular blockchain design is reshaping scalability discussions in the crypto space.

user avatarEmily Carter

Traders Reduce Rate Cut Expectations Amid Economic Uncertainty

chest

Traders are scaling back their expectations for Federal Reserve rate cuts amid surprising jobs data and ongoing uncertainty regarding the Fed's interest rate policy.

user avatarTomas Novak

Bitcoin Transitions from Speculative Asset to Institutional Investment

chest

Bitcoin's price movements are increasingly influenced by institutional capital flows rather than retail enthusiasm.

user avatarBayarjavkhlan Ganbaatar

Taiwan Should Consider Bitcoin as a Reserve Asset, Says Think Tank

chest

A think tank suggests Taiwan adopt Bitcoin to hedge against geopolitical risks.

user avatarMaya Lundqvist

Cathie Wood Remains Optimistic About Bitcoin Amid Price Drops

chest

Cathie Wood expresses optimism about Bitcoin's long-term value despite recent price drops.

user avatarKaterina Papadopoulou

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.