July 25, 2024
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October 21, 2022

Telcos comply with FG directive, reverse 10% tariff hike

By Upfrontdigital News 0 322 Views

By Staff Reporter

TELECOMMUNICATIONS operators have complied with the Federal Government (FG) directive, which ordered them to revert to status quo the 10 per cent tariff hike they implemented in the last two weeks.

Specifically, checks on MTN and Airtel yesterday, revealed that the telecommunications firms have complied.

 For instance, both operators reversed their 1G daily plan, which about one week ago was #350 back to #300; the 2G two days plan, which about a week ago also, was #550 back to #500. The 4.5G monthly plan was revered from #2200 to #2000 and so on.

   Recall that on Wednesday, the FG issued a statement and directed mobile network operators (MNOs) to reverse the 10 per cent hike in tariffs, especially on data services.

   In the statement, signed by the Director of Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka, the telecoms regulator said its board didn’t give final approval for the price adjustment.

   “The consideration for 10 per cent approval for tariff adjustments for different voice and data packages was in line with the mandates of the commission, as provided by the Nigerian Communications Act, 2003, and other extant regulations and guidelines, as this was within the provisions of existing price floor and price cap as determined for the industry.

  “The decision was also taken after a critical and realistic review and analysis of the operational environment and the current business climate in Nigeria, as it affects all sectors of the economy.

  “Further, even though the tariff adjustment was proposed and provisionally approved by the management, pending the final approval of the board of the commission, in the end, it did not have the approval of the board. As a result, it is reversed,” NCC stated.

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