Nigeria’s Federal Government today ordered the Telecommunication companies(Telcos) to reverse the 10% increase in calls and data prices which they implemented on Wednesday.
This was revealed by the Nigerian Communications Commission(NCC) which stated that the initial consideration for a 10% hike in calls and data packages was in line with the mandates of the commission as provided for by the Nigerian Communications Act, 2003, and other extant Regulations and Guidelines.
The commission, however, said the decision to allow telcos to make the recent development was taken after it critically analyzed the operational environment and the current business climate experienced across the nation.
A statement signed by the Director of Public Affairs, Reuben Muoka, said “The Minister of Communications and Digital Economy, Prof. Isa Pantami, has maintained that his priority is to protect the citizens and ensure justice for all stakeholders”.
The statement reiterated that much as there is an increase in the cost of production, the provision of telecom services is still very profitable and it is necessary that the subscribers are not subjected to a hike in charges.
“In view of the above, the Commission, through a letter sent on the 12th of October 2022, has directed the affected Mobile Network Operators to reverse the upward tariff adjustment.”
It further added that the Commission will carry out further consultations with all industry stakeholders on the best approaches that will protect and uphold the interest of both the consumers and the service providers.