The Chief Executive Officer of MTN Nigeria, Karl Toriola, says telecommunication companies are unanimously proposing a 100 per cent increase in tariffs to the Nigerian government.
According to the MTN CEO the rising operational cost, inflation and naira devaluation have made the increase in tariffs very necessary for the survival of the industry.
Speaking in a televised interview today, Toriola expressed doubts that the government will grant the 100 per cent increase request, but hopeful of a substantial increase, adding that almost every other sector in the country, including aviation and power have increased tariffs except the telecoms industry.
Toriola described 2024 as a torrid year for the telecoms industry in Nigeria due to rising inflation and devaluation of the naira currency by the government.
He, however, appreciated the policy makers for taking some steps that will make the industry sustainable subsequently.
