MTN Nigeria’s CEO, Karl Toriola, revealed that the company has submitted a proposal to the Nigerian Communications Commission (NCC) seeking a 100% increase in service tariffs.
Speaking during an interview on Arise TV on Thursday, Toriola noted that it is unclear whether the NCC will approve the proposal due to the prevailing economic challenges in the country.
“We’ve put forward requests of approximately 100 percent tariff increases to regulators.
“I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” Toriola said.
This follows growing speculation about a possible telecom service tariff hike in Nigeria this year.
Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), recently warned of an operational shutdown if tariffs are not increased.
Meanwhile, telecom subscribers have strongly opposed any plans for a tariff hike.
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