The Nigerian Communications Commission (NCC) has approved telecommunications companies to increase tariffs.
Despite quickening inflation, the NCC remained resolute on holding voice and data costs stable, but mounting losses in the sector after a naira devaluation forced the regulator’s hands.
In a statement issued on Monday, Reuben Muoka, NCC’s Director of Public Affairs, explained that the decision was made in line with the commission’s regulatory authority under Section 108 of the Nigerian Communications Act, 2003 (NCA).
“The adjustment, capped at a maximum of 50 per cent of current tariffs, though lower than the over 100 per cent requested by some network operators, was arrived at taking into account ongoing industry reforms that will positively influence sustainability,” a statement from the NCC read.
