Telecommunications operators have, again, called on the Central Bank of Nigeria (CBN) to prioritise their access to foreign exchange (FX), especially as the illiquidity crisis worsens.
• GSM operator justifies tariff hike, claims regulator gives approval
Adebayo said like the aviation sector, the telecoms industry is also very critical to the Nigerian economy and must be prioritised. Adebayo, who advocated that the sector should be classified as the first sector to be attended to when it comes to access to forex, stressed that there is a bad debt profile on some members.
On this challenge, the ALTON boss didn’t shy away from disclosing that operators may introduce discriminatory prices. According to him, it is not possible for any operator to just wake up and jack up prices without recourse to the regulator.
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