Telecommunications operators have asked House of Representatives to intervene on some of the challenges confronting Nigeria’s $77 billion telecoms industry.
The telcos, under the aegis of Association of Licensed Telecoms Operators of Nigeria , met at the weekend with the House Committee on Communications, led by the chairman of the committee, Peter Akpatason, and deputy chairman and clerk, Mrs. Bukola Ayeni.
He said: “In view of the huge investment towards deployment of telecoms infrastructure in the FCT, our members are indeed concerned about this development, given its significant impact on their ability to meet regulatory obligations and consumer expectations. Adebayo said other highly regulated sectors, such as power and insurance, have implemented price increases over the last year. He said insurance prices have risen 200 per cent, with power hiking prices by over 40 per cent.
“The 300 per cent increase in diesel cost, which was implemented at the beginning of the year, humongous indebtedness in the industry, lack of access to and increased rate of foreign exchange to service their operations, dire levels of insecurity across the country with increased theft and damage to our members’ sites, have all prevented members from running their business efficiently and profitably.
The Lagos Waste Management Authority, has announced the re-opening of Ladipo, Oyingbo, Alamutu Ologede and Ile-Epo markets, recently sealed for filth and gross environmental abuse.
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