News
Nigerians to Pay More for Calls and Data as Telecom Costs Rise
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians may face a 30 to 60 percent increase in the cost of calls, data, and other telecommunications services.
Tijani shared this during an interview with Channels Television, explaining that the hike is necessary to sustain growth in the sector and keep up with global technological advancements.
He emphasized that the telecommunications industry relies heavily on continuous investments to drive economic development.
With rising inflation and the rapid evolution of technology, operators must upgrade their infrastructure to remain competitive.
“The tariff increase shouldn’t exceed 30 to 60 percent,” Tijani explained. “This sector is built on investment.
Technologies like 3G will eventually be phased out, so telecom companies need to keep upgrading their equipment. Inflation is a challenge, and we must ensure they can attract the capital needed to grow.”
Tijani cited a significant jump in foreign investments. “In the first quarter of 2024, the telecommunications sector attracted nearly $199 million in foreign direct investment, primarily from telecom operators.
That’s already higher than the total inflow for 2023. If we want to build a $1 trillion economy, we need telecom operators investing at a faster pace,” he added.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
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