Inflation, Others Push 50% Telecom Tariff Hike, Reviews Ongoing – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that tariffs in the telecommunications sector will undergo periodic reviews to address rising operational challenges.
Speaking on Arise TV during the 2025 World Economic Forum (WEF) in Davos, Switzerland, Edun defended the recent 50 percent tariff increase approved by the Nigerian Communications Commission (NCC), which has drawn sharp criticism from stakeholders, including the Nigeria Labour Congress (NLC).
The NLC described the tariff hike as a “clear assault” on Nigerian workers’ welfare and urged citizens to prepare for a potential nationwide boycott of telecommunication services.
In response, Edun highlighted the need for the adjustment, citing inflation and increased operational costs faced by telecom operators. “There has been inflation and rising costs, and that has to be reflected for the telcos. There has been a high cost of living that has to be reflected,” he stated.
Edun emphasized that the 50 percent increase is part of a broader strategy to balance consumer interests and the sustainability of telecom operators. “I think the 50 percent tariff adjustment is a starting point. It’s about compromise, timing, and sequencing these necessary changes,” he said.
He further outlined the government’s expectations for the telecommunications sector. “We want telcos operating efficiently, terminating calls seamlessly, and delivering high-quality services. At the same time, we want them to foster innovation, create jobs, and contribute to GDP,” he explained.
According to Edun, the tariff review process will remain dynamic. “The 50 percent tariff is a situation that will be looked at on a forward-looking basis. As we go forward, there will continue to be review, consultations, and discussions in this area,” he assured.
Edun also urged telecom companies to improve service delivery to match the price adjustment, reiterating the government’s commitment to fostering a thriving sector that drives innovation, economic growth, and job creation.
He concluded by reaffirming the government’s focus on enhancing the economy and attracting investments across various industries.
