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    Home»News»Nigeria: Telecom companies to face moderate tariff hike, not exceeding 60%
    News 2 Mins Read

    Nigeria: Telecom companies to face moderate tariff hike, not exceeding 60%

    mmBy ITPulseJanuary 17, 2025166 Views
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    By Martin Ekpeke

    Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has indicated that any upcoming increase in telecommunications service tariffs will not exceed 60%. This follows recent demands by telecom operators for a substantial tariff hike, reaching as high as 100%.

    During a recent television appearance, Minister Tijani emphasized that a 100% increase would harm Nigerian citizens and hinder economic growth. He stated that the anticipated tariff increase will likely fall within 30% to 60%, based on recommendations from KPMG reports currently under review by his team.

    The Minister highlighted several measures to support the telecom sector while ensuring a balanced approach. These include:

    • Increased Local Content: Encouraging telecom companies to reduce reliance on imported equipment to minimize foreign exchange pressures.
    • Critical National Infrastructure Declaration: Recognizing telecommunications infrastructure as critical national assets, providing better protection against vandalism and ensuring faster repair times.
    • Tax Reforms: Implementing tax reforms to harmonize the tax burden on telecom companies, creating a more favorable business environment.
    • Government Investments: Investing in national infrastructure, such as expanding fiber optic networks, to improve service reach and reduce operational costs for telecom operators.

    These measures aim to create a sustainable environment for the telecom sector while mitigating the potential impact of a tariff increase on Nigerian consumers.

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