The chairman, Association of Licensed Telecoms Operators of Nigeria (ALTON), Engr. Gbenga Adebayo, who made the call, at the 2nd edition of the Nigerian
Telecommunications Indigenous Content Expo , on Wednesday, in Lagos, averred that, operators are currently selling below operating cost.
Adebayo gave instances of the fuel subsidy removal and its impacts on operating cost, adding that, “while we are yet to cope with that, Electricity Distribution Companies is agitating to increase electricity tariff. If not that electricity tariff is being subsidized by the federal government, we would have been paying higher tariff.
“We have seen the consequences of the removal of fuel subsidy on Operational Expenditures. You can imagine what it would be like if electricity subsidy is removed. No doubt, we are going to face the same hardship that we faced during fuel subsidy removal. That is the reason why we are clamouring for a change as pricing regime in the sector is not sustainable in the current economy dispensation.”
He tasked the new minister, to ensure that, the ICT sector is independent of political interference, adding that, the USSD issue between operators and banks, is still on due to political interference.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lagos-Abuja flight should cost N250,000 - Airline operatorsAirline operators are considering an increment in the price of flight to N250, 000. Spokesperson for Airline Operators of Nigeria, AON, and Chairman of
Read more »
Naira tumbles to 900/$, CBN vows BDC operators clampdownThe naira tumbled against the United States dollar at the parallel market on Wednesday, closing at 900/dollar.This came barely two weeks after
Read more »
Telecom operators seek price review, flay impact of economy on services | The Guardian Nigeria NewsTelecommunications stakeholders, especially mobile network operators (MNOs), have said the current pricing regime, including for calls, short message service (SMS) and data, is unsustainable under current cost scheme in the country.
Read more »
Man drives tractor into market, destroys N320m propertyThe Lagos State Police Command on Wednesday arraigned a tractor driver, Isiaka Abdullahi, for allegedly damaging the property of two busine
Read more »
One Year After Import Ban, Local SIM-card Market Value Hits N55bnLocal SIM-cards manufacturing market now valued at N55 billion, after one year of ban on importation of whole body SIM cards in the ICT sector, the Nigerian
Read more »
| Latest news on money Market | Guardian NigeriaLearn more on money news including updates on all stock market, financial, money, savings and investment news across the world from Guardian Nigeria.
Read more »