The approved tariff increase is expected to help mitigate the effects of macroeconomic challenges and support the company’s financial stability.
- MTN implemented a price hike on internet plans following NCC approval of a 50% tariff increase.
- Telecom providers in Nigeria, including MTN, have long advocated for price adjustments to align with economic realities.
- The approved tariff increase is expected to help mitigate the effects of macroeconomic challenges and support the company’s financial stability.
Nigeria’s leading telecommunications provider, MTN, has implemented a price hike on internet plans following the Nigerian Communications Commission’s (NCC) approval of a 50% tariff increase in January.
This development follows the Nigerian Communications Commission’s (NCC) approval of a tariff increase for telecommunications companies, citing prevailing market conditions.
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Addressing user concerns, MTN wrote: “Y’ello! Thanks for stopping by, We apologise for any inconvenience and delayed Response. A price increase has been implemented to enhance our services and serve you better, which is why you are seeing the updated amount.”
Under the revised pricing, the 1.8GB monthly plan now costs ₦1,500, replacing the previous 1.5GB plan that was priced at ₦1,000. The 20GB plan has increased to ₦7,500 from ₦5,500, while the 15GB plan now costs ₦6,500, up from ₦4,500.
Larger data bundles have seen even steeper increases. The 90-day 1.5TB plan has jumped from ₦150,000 to ₦240,000, while the 600GB 90-day plan has risen from ₦75,000 to ₦120,000.
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Telecom operators’ push for tariff hike
Major telecom providers in Nigeria, including MTN, Airtel, and 9Mobile, have long advocated for price adjustments to align with economic realities. Despite mounting operational costs driven by inflation, telecom operators have been unable to increase prices for over a decade.
Following last month’s announcement of a looming telecom tariff hike, MTN Nigeria’s share price surged, reflecting renewed investor confidence in the company’s profitability after two years of sustained losses.
MTN Nigeria has been working to accelerate its earnings and recover from these losses. The approved tariff increase is expected to help mitigate the effects of macroeconomic challenges and support the company’s financial stability.
Data tariff hike sparks outrage
The price hike has sparked concerns and outrage among customers, who argue that prior notice about the implementation date should have been communicated.
