The CEO of MTN Nigeria, Karl Toriola, revealed the company has submitted a proposal to the Nigerian Communications Commission for a 100% increase in service tariffs. While the proposal is pending approval, Toriola acknowledged the regulator's sensitivity to the current economic situation and doubts a full increase will be granted. This announcement follows speculation of an imminent tariff hike and threats by telecom operators of service disruptions without it.
The Chief Executive of MTN Nigeria, Karl Toriola, has said the telecommunications firm has sent a proposal to the Nigerian Communications Commission for a 100 percent service tariff increase. He disclosed this during an interview on Arise TV on Thursday. However, the CEO expressed that it remains uncertain whether the Nigerian Communications Commission, the telecom regulator, will approve the proposal owing to existing economic hardship in the country.
'We’ve put forward requests of approximately 100 percent tariff increases to regulators. “I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” Toriola said. This comes amid heightened speculation of an imminent telecom service tariff hike in Nigeria, this year.
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