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Nigeria Two biggest telecom companies increase data tariffs amid economic hardship face in the country

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Nigeria Two biggest telecom companies increase data tariffs amid economic hardship face in the country

by Africa24hrs
February 13, 2025
in Africa Politics, Blog, Business, Technology
0

Nigerians are expressing their frustration over significant hikes in mobile data prices implemented by two major telecom companies, MTN and Airtel, at a time when many are grappling with escalating living expenses.

MTN, the largest network in Nigeria, has increased the cost of its popular 15GB weekly bundle from 2,000 naira ($1.33) to 6,000 naira ($3.99), effectively tripling the price. Airtel has also made substantial increases to its data tariffs. These abrupt changes have left many subscribers feeling exasperated, with accusations directed at the companies for exacerbating an already challenging economic climate.

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The Nigeria Communications Commission (NCC), which oversees telecom regulations, recently sanctioned a tariff adjustment but limited the increase to 50%. However, some of the price hikes appear to surpass this threshold. As of now, neither the NCC nor Airtel has provided an official response to the growing concerns.

In a statement on X (formerly Twitter), MTN indicated that the price adjustment was essential for enhancing service quality, and they expressed regret for any inconvenience caused.

Caught off guard by the sudden price increases, subscribers took to social media to voice their complaints. One user labeled the hike as “outrageous,” while another remarked, “Triple the amount? The end time is near.”

This increase in data prices is likely to have a cascading effect on small businesses and young entrepreneurs who depend on affordable internet access. Digital creator Mubarak cautioned that this could negatively impact many businesses that have transitioned online due to the high costs associated with physical locations.

“The economy is already struggling,” he stated. “For many young individuals, purchasing data is already a challenge. This increase will only complicate their ability to make ends meet.”

Nigeria’s economic challenges have intensified in recent years, with inflation reaching levels not seen in decades. The elimination of a longstanding fuel subsidy and a recent devaluation of the currency, both implemented by President Bola Tinubu’s administration, were intended to stabilize the economy but have resulted in significant difficulties for many Nigerians.

Globacom, the country’s third-largest telecommunications provider, has refrained from increasing its data prices, providing some respite for its customers. In the meantime, Nigerians are still awaiting action from the telecom regulator regarding their concerns about rising prices.

Globacom, the country’s third-largest telecommunications provider, has refrained from increasing its data prices, providing some respite for its customers. In the meantime, Nigerians are still awaiting action from the telecom regulator regarding their concerns about rising prices.
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