Nigerian telecom companies want a 100 per cent tariff hike. They say rising costs and inflation make the increase unavoidable. The proposal now awaits approval from the Nigerian Communications Commission (NCC).
MTN Nigeria’s CEO, Karl Toriola, confirmed the request during an interview on Arise TV. He said the hike is essential to save the industry. However, he admitted the NCC might not approve such a steep increase.
We’ve asked for a 100 per cent tariff hike. But I doubt regulators will approve it because of the country’s economic situation, Toriola said.
He stressed the need for long term solutions. The goal, he said, is to ensure the sector remains viable and serves the people effectively.
We’re all working together regulators, policymakers, and industry leaders. A sustainable telecom sector is crucial for Nigeria’s economy, Toriola added.
The telecom sector is struggling. Inflation, exchange rate swings, and rising energy costs have pushed many operators to the brink. Some companies warn that services might collapse without immediate action.
ALTON Chairman, Gbenga Adebayo, called the situation a crisis. He said soaring costs and unchanged tariffs have left the industry “under siege.” He warned of looming service disruptions if the government does not act soon.
Operators first called for tariff adjustments in April 2024. Since then, costs have risen sharply, but no changes have been approved.
Telecom groups are urging the Federal Government to step in. They want a plan that balances consumer needs with industry survival. Without action, they warn, millions of Nigerians could lose access to vital services.
The NCC’s decision on the proposed tariff hike will determine the sector’s future. For now, operators say they are fighting to keep the industry alive.