Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, has said that the tariff in the telecommunications sector would be reviewed periodically. Edun spoke to Arise TV yesterday at the ongoing 2025 World Economic Forum, WEF, in Davos, Switzerland.
Recall that Nigerian Communications Commission, NCC, had on Monday, granted approval to telcos to implement a 50 percent tariff hike.
The move sparked several reactions, including the Nigeria Labour Congress, NLC, criticising the federal government for approving the increase.
NLC asked Nigerians to prepare for a possible nationwide boycott of telecommunication services while describing the decision as a “clear assault” on Nigerian workers’ welfare.
Meanwhile, the minister said the tariff adjustment was essential for sustaining the sector amid rising operational costs and inflation.
According to him, the periodical review will ensure the tariff remains balanced and fair for both consumers and operators. He also urged telecommunication companies to enhance service delivery in line with the price increase.
