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The tariff increase is said to be a result of inflation and general economic hardship as faced by individuals and businesses alike in the country. NCC states that it is against the transfer of costs to customers. The Commission insists that although the proposal to implement the increase was earlier approved provisionally, it has gone against the decision.
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“Furthermore, even though the tariff adjustment was proposed and provisionally approved by the management, pending the final approval of the board of the commission, in the end, it did not have the approval of the board of the commission. As a result, it is reversed,” a statement from the NCC reads. The commission added that this decision was taken based on the current economic and business condition in Nigeria. It said it was after a “critical and realistic review and analysis of the operational environment and the current business climate in Nigeria”.
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The regulator noted that the economic hardship in the country is enough reason to dissuade these telecom companies from going ahead with the 10% tariff. It noted that it wouldn’t want to add to the suffering of the people, and “as such, anything that will bring more hardship at this critical time will not be accepted.” NCC has assured Nigerians of always working in their best interests. And for telecom companies, it notes that it will ensure that its processes are transparent and efficient for all parties involved. Featured Image Source: The Street Journal
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