The Nigerian Communications Commission (NCC) has approved a 50% tariff increase for telecom operators, marking the first significant hike in the sector in nearly 11 years. The decision comes amid rising inflation and economic pressures following the naira’s devaluation.
Despite previously maintaining a firm stance against raising voice and data costs, the NCC cited mounting financial losses in the sector as a key factor behind the adjustment.
According to sources, telecom companies initiated discussions with the regulator in October 2024, pushing for a 100% increase in tariffs to offset their financial challenges. However, due to its potential unpopularity, the NCC was wary of implementing such a steep hike.
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In a statement, the NCC emphasized its commitment to balancing consumer protection with the sustainability of the telecom industry. “The adjustment, capped at a maximum of 50% of current tariffs, though lower than the over 100% requested by some network operators, was arrived at taking into account ongoing industry reforms that will positively influence sustainability,” the statement read.
The NCC also highlighted the importance of safeguarding the industry’s ecosystem, including the thousands of indigenous vendors and suppliers who play a critical role in Nigeria’s telecommunications sector.
