25th April 2024, NewsOrient
News Desk, Business And Economy

There are indications that telecommunication operators in Nigeria, like MTN, Airtel, Globacom and others may have concluded plans to hike their tariff.

A statement from telecom operators on Thursday said the Association of Licensed Telecom Operators of Nigeria (ATCON) and the Association of Telecommunication Companies of Nigeria (ALTON) have called upon Nigerian Federal Government “to facilitate a constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability.”

The statement was co-signed by ALTON’s Chairman, Gbenga Adebayo and ATCON’s President, Tony Emoekpere.

They called upon the government to take decisive action in addressing the numerous challenges confronting the telecommunications industry.

The statement reads in part: “Despite the adverse economic headwinds, the telecommunications industry remains the only industry yet to review its general service pricing framework upward in the last (11) years, primarily due to regulatory constraints.

“For a fully liberalized and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode investors’ confidence.

“ATCON and ALTON call upon the government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability,” the statement read.

Photo Credit: NAN

~ NewsOrient