Home Nigeria FG Directs Telecoms Coys To Reverse 10% Tariff Hike

FG Directs Telecoms Coys To Reverse 10% Tariff Hike

0
 Tariff Hike
Tariff Hike

The Federal Government has directed affected Mobile Network Operators (MNOs) to reverse the unilateral upward tariff adjustments.

The Nigerian Communications Commission (NCC), through a letter dated Oct. 12, gave the directive following media reports of unilateral implementation of the recently approved 10 per cent upward tariff adjustments.

The adjustments were for some voice and data services by the service providers on their networks.

NCC’s Director, Public Affairs, Dr Reuben Muoka, made this known in a statement on Wednesday in Abuja.

Muoka said that the consideration for 10 per cent approval was in line with the mandates of the commission as provided by the Nigerian Communications Act, 2003.

He also said that it was in line with other extant Regulations and Guidelines, as this was within the provisions of existing price floor and price cap as determined for the industry.

He said that the decision was taken after a critical and realistic review, analysis of the operational environment and the current business climate in Nigeria, as it affects all sectors of the economy.

“The tariff adjustment was proposed and provisionally approved by the management, pending the final approval of the Board of the Commission.

 

Independent.ng

QUICK SHARE:

LEAVE A REPLY

Please enter your comment!
Please enter your name here