Telecom Companies Considering Raising Tariffs

Telecommunication giants in Nigeria, such as Glo, MTN, Airtel, and 9Mobile, are calling on the government to spark meaningful talks within the industry.

They argue that the current price regulations don’t match up with the economic landscape and want the government to step in to tackle pricing concerns.

These major players emphasize that they haven’t hiked their prices unlike others, fearing it could harm the industry’s sustainability and shake investor confidence.

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON) jointly made this plea in a statement released on Thursday, April 25.

In the statement, ALTON Chairman Mr Gbenga Adebayo and ATCON President Mr Tony Emoekpere highlighted the lack of widespread price increases in the past 11 years due to regulatory restrictions, despite economic hardships.

They stressed that the current price control mechanism threatens the industry’s sustainability and investor confidence.

They urged the government to engage in constructive dialogue with industry stakeholders to address pricing challenges while ensuring a balance between consumers’ affordability and operators’ financial stability.

Additionally, the telcos expressed concerns about rising security issues affecting their services’ efficiency, urging the government to take action before it spirals out of control.