Telecom tariff will undergo periodic reviews -Wale Edun assures Nigerians
Wale Edun, Nigeria’s Minister of Finance and Digital Economy has assured that the tariff in the telecommunications sector will be subject to periodic reviews.
He gave this assurance on Thursday during the 2025 World Economic Forum (WEF) going on in Davos, Switzerland.
Recall that the Nigerian Communications Commission (NCC), on Monday, sanctioned the 50% tariff hike implemented by telecommunications companies, and many Nigerians have opposed it.
Wale Edun has blamed inflation and rising calls as reasons the tariff had to increase.
“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,” Edun said.
“I think the 50 per cent tariff adjustment is a starting point. It’s about compromise, timing, and sequencing these necessary changes.
“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.
“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,” Wale Edun said.
He stressed that the government will continually seek to grow the economy and create job opportunities.
