• 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

Howland Capital Management Increases Stake in Apple

chest

Howland Capital Management LLC has increased its stake in Apple stock by 58%, purchasing 29,015 shares and raising total holdings to 527,531 shares, valued at approximately $145 million.

user avatarAndrew Smith

Apple Stock Approaches Technical Buy Point

chest

Apple stock is nearing a breakout pattern with a technical buy point identified at 288.62.

user avatarJacob Williams

Two Israelis Charged with Insider Trading on Military Operations

chest

Two Israelis, an IDF reservist and a civilian, have been charged with using classified military information to place bets on Polymarket regarding Israel's military operations.

user avatarZainab Kamara

J5 Issues Warnings on OTC Crypto Trading Desks and Payment Processors

chest

J5 issues advisories warning about the misuse of OTC crypto trading desks and payment processors for criminal activities.

user avatarSon Min-ho

Key Issues in Stablecoin Regulation Discussed at White House Meeting

chest

Key issues in stablecoin regulation discussed at a White House meeting, focusing on banks' concerns about stablecoin rewards and their impact on traditional banking.

user avatarAyman Ben Youssef

Ripple's CEO Highlights XRP as Core Business Principle

chest

Ripple's CEO Brad Garlinghouse emphasizes that XRP is the central organizing principle of Ripple's strategy, highlighting its importance for institutional adoption and regulatory compliance.

user avatarTando Nkube

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.