The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, has said the tariff in the telecommunications sector will be reviewed periodically
Edun spoke at the ongoing 2025 World Economic Forum (WEF) in Davos, Switzerland.
According to him, the periodic review will ensure the tariff remains balanced and fair to consumers and operators. He urged telcos to enhance service delivery in line with the price increase.
Edun said: “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.
“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 per cent 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.”
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