News
Obaseki: Nigeria is Technically Bankrupt, Urges Urgent Restructuring
Governor Godwin Obaseki of Edo State has raised serious concerns about Nigeria’s economic condition, stating that the country is technically bankrupt.
He pointed out that the Federal Government is clinging to outdated systems and approaches, which he believes are slowing down progress.
Obaseki emphasized the urgent need for restructuring to enable Nigeria to move forward and tackle its growing challenges effectively.
He shared these views during an exclusive interview on Channels Television’s Politics Today, aired on Thursday evening.
During the interview, he called for modern reforms that can address the economic realities the country faces, stressing that staying stuck in the past will only deepen the nation’s financial woes.
Business
Tijani Rejects 100% Telecom Tariff Hike, Says Increase Should Be Between 30-60%
Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, has assured the public that telecom operators will not be allowed to raise tariffs by 100 percent, despite their ongoing calls for increases.
In a recent interview on Channels Television’s Politics Today, Tijani addressed the telecom companies’ request for higher tariffs, which they attribute to rising operational costs, inflation, and the devaluation of the naira.
While acknowledging the need for a tariff hike, Tijani emphasized that any increase should be manageable for the people.
“I think it should not exceed 30 to 60 percent,” he stated.
“We are not going to approve a 100 percent increase,” Tijani clarified. “The companies are asking for it, believing it is what they need to stabilize. But as a government, we must ensure the growth of the sector does not come at the expense of the people.”
He also mentioned that the Nigerian Communications Commission (NCC) is still evaluating the tariff increase, working carefully to balance the needs of the telecom sector with the economic impact on Nigerians.
According to Tijani, this will involve closely examining the figures and considering how the increase might affect consumers while ensuring the sustainability of the telecom industry.
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.
Entertainment
Gospel Singer Timileyin Ajayi Reveals Reason For Killing His Girlfriend
Gospel Singer Timileyin Ajayi reveals reason for action against his late girlfriend. The singer recently made headline for beheading his girlfriend and was caught with her head.
An insider source stated that he saw the singer acting suspicious and decided to question his movement.
After the singer was taken he was questioned about his decision. During an interview the suspect revealed that he killed her because he wanted to end their one year relationship.
He stated that it was because she had cheated on him and wanted to leave the relationship. He also confessed to not regretting his action.
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