Nigeria Telecoms Companies Seek Tariff Increase Amidst Government Pushback

Business Berita

Nigeria Telecoms Companies Seek Tariff Increase Amidst Government Pushback
Telecom,Tariffs,Nigeria

The Nigerian government is in discussions with major telecom providers to address calls for increased tariffs. While telecom companies cite economic pressures as justification, the government aims to balance this with affordability concerns for consumers.

The Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, is in talks with representatives of major telecommunications companies to address mounting pressures to increase telecom tariffs in Nigeria. Attendees include representatives from MTN Nigeria, Airtel, Globacom, 9Mobile, and key government regulatory bodies such as the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA).

The meeting, which began earlier today, aims to find a balance between the Telcos’ push for higher tariffs and the government's regulatory stance. The telecom companies argue that current economic realities—like the removal of fuel subsidies and the naira’s floating exchange rate—necessitate tariff adjustments to sustain operations. However, the government has urged the companies to consider the existing 2013 tariff price floor before implementing increases. This development comes as consumer advocacy groups, such as NATCOMS, reject the proposed hike, citing affordability challenges for Nigerians already burdened by economic hardships. The Nation reports that further deliberations are expected to determine the future of telecom pricing in the country

 

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Chappal Energies to Seek New Investors After TotalEnergies Acquisition in NigeriaChappal Energies to Seek New Investors After TotalEnergies Acquisition in NigeriaChappal Energies, a Mauritius-based oil and gas exploration company, announces plans to attract new investors following the completion of its purchase of TotalEnergies SE's assets in Nigeria. The $860 million deal includes TotalEnergies' 10% stake in Shell Petroleum Development Company's joint venture, 15 oil mining leases, and the Forcados and Bonny export terminals. Chappal's managing director, Ufoma Immanuel, states that the company aims to expand its equity base and acquire more assets to achieve a production capacity of 77,000 barrels of oil equivalent per day within two to three years.
Baca lebih lajut »

Senate Passes Bill to Increase Minimum Capital for Insurance Companies in NigeriaSenate Passes Bill to Increase Minimum Capital for Insurance Companies in NigeriaThe Nigerian Senate has approved a bill that significantly raises the minimum capital requirement for insurance companies operating in the country. The bill, sponsored by Senator Adetokunbo Abiru, increases the minimum capital from ₦2 billion to ₦10 billion, representing a 400% hike. It also elevates reinsurance requirements and adjusts non-life insurance minimums.
Baca lebih lajut »

Nigeria’s Oil Licensing Rounds: A New Era for Indigenous Energy CompaniesNigeria’s Oil Licensing Rounds: A New Era for Indigenous Energy CompaniesNigeria's oil and gas sector is undergoing a significant transformation, with indigenous energy companies gaining prominence. The recent 2024 bid round, conducted transparently by the Nigerian Upstream Petroleum Regulatory Commission, signifies a shift towards local ownership and participation.
Baca lebih lajut »

Nigeria's Oil Licensing Rounds: A New Era for Indigenous CompaniesNigeria's Oil Licensing Rounds: A New Era for Indigenous CompaniesNigeria's oil and gas sector is undergoing a transformation, with indigenous companies emerging as major players. Recent licensing rounds, overseen by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), have awarded lucrative oil wells to local firms, marking a shift towards greater domestic participation.
Baca lebih lajut »



Render Time: 2025-01-09 11:16:42