Minister of Communication Explains 50% Telecom Tariff Hike Due to Rising Costs
Minister, Communication Innovation and Digital Economy, Tijani Bosun, attributed the recent 50% increase in telecommunications tariffs to global inflation and rising operational costs.
Just yesterday the stakeholders meeting in the communication sector approved a fifty percent tariff increment on Calls and Data.
GALAXY TV reports that the Minister while appearing before the joint committees on communication added that the decision aligns with broader economic patterns, where tariffs can lead to higher consumer prices due to the added costs on imported goods.
Speaking to journalists moments after defending his Ministry’s budget of N12 billion for 2025 Bosun stated that 50% adjustment aligns with broader economic trends.
According to the Minister historically, tariffs act as a sales tax, causing a one-off price increase rather than sustained inflation.
He further explained that the Federal Government of Nigeria is planning to invest six billion naira to deploy ninety thousand kilometers of fiber optic cable, expanding the country's capacity from 35,000 kilometers to 125,000 kilometers
The Minister of Communications, during the 2025 budget defence session said the planned deployment of fibre optic cable is an initiative aimed at fostering growth in critical communication sectors.
The last hike was 12 years ago and the new tariff hike comes amid agitations by telecom operators in the last two years, demanding for 100% increase.