Captain of IndustryJanuary 3, 2025

All telcos in agreement on 100% tariff increase — MTN CEO

The Chief Executive Officer of MTN Nigeria, Karl Toriola, revealed on Friday that all telecommunication companies are in agreement on a 100 percent increase in tariff.

The Chief Executive Officer of MTN revealed this on the business section of a Channels Television programme: “Sunrise Daily.”

Toriola said: “We at MTN believe we need adjustment of about 100 per cent.

“I think the industry is pretty much aligned because we are all experiencing the same headwinds.

“Now, the government is very sensitive to squeezing consumers’ wallets with the pressures that have come from inflation and currency devaluation on consumers.

“So, I’m not sure they will give us 100 percent, but I am optimistic they will give us something substantial and maybe progressively over the course of the year we can have smaller adjustments that will help us to get back to where we need to be.”

Toriola almost every other sector in the country, including aviation and power, have increased tariffs except the telecoms industry.

According to the MTN CEO, all the bodies that look into the statistics of the telecoms industry globally have disclosed that Nigeria has probably the second or third lowest tariffs in the world on data as well as voice.

He said with an increase in tariffs, the issue of sustainability in the telecoms industry will be resolved.

He said: “What the tariff allows us to do is to continue to invest, continue to build capacity, build resilience, put in additional generators, power supply systems to give you stable and high-quality networks.

“So, it addresses sustainability and also enables the regulators to hold the big stick on the issue of quality of service and allows us consequently to invest in giving the quality of service Nigerians deserve.”