Breaking: NCC approves 50% tariff hike for telecoms

Telecom operators’ demand to adjust tariff rate has been granted as the Nigerian Communications Commission approved their request in response to rising operational costs.

This development, which allows for a maximum of 50% adjustment to current tariffs, was announced in a statement signed by Reuben Muoka, the NCC’s Director of Public Affairs, on Monday, January 20, 2024.

The NCC said the adjustmnent is in line with Section 108 of the Nigerian Communications Act, 2003, adding that the new tariffs would remain within the limits outlined in its 2013 Cost Study.

The commission also said the adjustments will adhere to its 2024 Guidance on Tariff Simplification.

According to the commission, the adjustment was necessary to sustain investment in infrastructure and innovation through improved services, better network quality, and wider coverage.

“This decision was made after extensive consultations with key stakeholders across the public and private sectors,” Muoka said.

While acknowledging the economic pressure Nigerians are facing, the commission urged operators to implement the new rates transparently and improve their service delivery.