The Nigerian government has given telecom companies the approval to increase their tariffs.

This was revealed by the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani.

According to Tijani, the telecom tariffs will soon increase, but it will not be the 100% that telecom operators are pushing for at the moment.

The Minister disclosed this at a stakeholders’ meeting with Mobile Network Operators (MNOs) on Wednesday in Abuja. He said consultations and engagements were ongoing to arrive at an acceptable rate, assuring that the Nigerian Communications Commission (NCC), would soon approve the new tariffs and make it public to Nigerians.

“You have seen over the past weeks that there has been agitation from some of these companies to increase tariff. They are requesting for 100 per cent tariff increase.

“But it will not be by 100 per cent. We are still looking at that study and NCC will come up with a clear directive on how we will go about it.

“We want to strike the balance as a government to protect our people, but also protect and ensure that these companies can continue to invest significantly.

“We need to ensure that as a sector, we get our acts together, ensure that from the regulation side, we put the right regulations in place that can ensure the growth of this sector.”

The Minister also noted that the Federal Government would no longer leave investments on infrastructure in the sector to private companies alone.

“As a country, over time, we have left this investments in the hands of the private sector. They typically invest where they can see returns in the short to medium term.

“We will not want this conversation to just be about tariff increase. I think what the world is talking about today is meaningful connectivity.

“You want to have access to very good quality service.

“A part of it that the consumers may not be aware of is the investment that needs to go into the infrastructure that is used to deliver these services,” he said.