Thursday, May 1, 2025
27.2 C
Lagos

Why NCC Approved 50% Tariff Adjustment Request by Operators

The Nigerian Communications Commission (NCC), pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators, has granted approval for tariff adjustment requests by network operators in response to prevailing market conditions.

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.

These adjustments will remain within the tariff bands stipulated in the 2013 NCC Cost Study, and requests will be reviewed on a case-by-case basis as is the Commission’s standard practice for tariff reviews. It will be implemented in strict adherence to the recently issued NCC Guidance on Tariff Simplification, 2024.

Tariff rates have remained static since 2013, despite the increasing costs of operation faced by telecom operators. The approved adjustment is aimed at addressing the significant gap between operational costs and current tariffs while ensuring that the delivery of services to consumers is not compromised.

These adjustments will support the ability of operators to continue investing in infrastructure and innovation, ultimately benefiting consumers through improved services and connectivity, including better network quality, enhanced customer service, and greater coverage.

Recognising the concerns of the public, this decision was made after extensive consultations with key stakeholders across the public and private sectors.

The NCC has prioritised striking a balance between protecting telecom consumers and ensuring the sustainability of the industry, including the thousands of indigenous vendors and suppliers who form a critical part of the telecommunications ecosystem.

The NCC recognises the financial pressures faced by Nigerian households and businesses and remains deeply empathetic to the impact of tariff adjustments. To this end, the Commission has mandated that operators implement these adjustments transparently and in a manner that is fair to consumers. Operators are also required to educate and inform the public about the new rates while demonstrating measurable improvements in service delivery.

Additionally, the NCC reaffirms its dedication to fostering a resilient, innovative, and inclusive telecommunications sector. Beyond protecting consumers, the Commission’s actions are designed to ensure the long-term sustainability of the industry, support indigenous vendors and suppliers, and promote the overall growth of Nigeria’s digital economy.

As a regulator, the NCC will continue to engage with stakeholders to create a telecommunications environment that works for everyone—one that protects consumers, supports operators, and sustains the ecosystem that drives connectivity across the nation.

spot_img
spot_img
spot_img

Hot this week

emPLE Unveils BETA Life: A Three-in-One Endowment Plan for Smarter Savings and Protection

emPLE Life Assurance Limited has announced the launch of...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

NGX Group, Min of Industry, Trade and Investment, Collaborate to Advance Economic Transformation

Nigerian Exchange Group Plc (NGX Group) recently hosted the...

Inspenonline Summit to Stimulate Interest for Good Retirement

The 2025 Inspenonline Retirement Summit is aimed at stimulating...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...

Topics

Red Star Express Confirms Auwalu Babura as New CEO

The Board of Directors of Red Star Express Plc...

Governor Ododo Condoles Former Governor Idris over Son’s Demise

Late Muhammed Idris Kogi State Governor, Alhaji Ahmed Usman...

NIA Chairman, Eddie Efekoha, Elected IoD Fellow

Mr. Eddie Efekoha, Chairman, Nigerian Insurers Association (NIA) is...

Global Confidence Survey of Airline CFOs, Heads of Cargo

When surveyed in early-July, airline CFOs and heads of...

FG: “Only 7 Agencies Authorised at Ports”

The Management of the Nigerian Ports Authority (NPA) has...

Local Bourse Extends Losses into 2nd Consecutive Session

In today’s session, sustained sell pressures amidst weak investor...

Union Bank Donates Two Vehicles to Ogun Govt

As part of its Corporate Social Responsibility (CSR) initiatives, Union Bank has donated 2 hilux vehicles to the Ogun State board of internal revenue to boost the agency’s effort in generating internal revenue for the State. The bank's Executive Director (Commercial Banking), Mr Adekunle Sonola, who presented the vehicles at the state secretariat in Oke-Mosan, Abeokuta, expressed support for Governor

Adeosun: PPP Model to Drive Infrastructure Plan

The Minister of Finance, Mrs. Kemi Adeosun said at...
spot_img

Related Articles

Popular Categories

spot_imgspot_img