9mobile has lauded the Federal Government and the Nigerian Communications Commission (NCC) for approving a 50% tariff adjustment.
This initiative aims to tackle critical challenges in the telecom sector and ensure the industry’s long-term sustainability.
The tariff adjustment, following extensive consultations, is seen as a balanced response to rising operational costs caused by inflation, soaring energy prices, and a currency devaluation of over 300%.
While operators had initially sought a 100% tariff increase, the NCC’s decision reflects a commitment to balancing affordability for consumers with the need for industry stability.
9mobile’s Chief Executive Officer, Obafemi Banigbe, praised the move as a lifeline for the sector.
“This adjustment is timely and essential for maintaining service quality,” Banigbe remarked.
“It enables operators to reinvest in infrastructure, expand capacity, and meet financial obligations that are critical to industry growth. Without this intervention, the sector risked significant setbacks due to insufficient funding.”
The company revealed plans to channel the increased revenue into upgrading outdated infrastructure, extending network coverage to underserved areas, and enhancing digital platforms for faster, more reliable connectivity.
Banigbe also highlighted that the adjustment aligns with 9mobile’s ongoing transformation agenda to modernize its operations and improve customer experience.
“This decision will help us replace obsolete equipment, expand our reach, and ensure that Nigerians enjoy top-quality services. We remain committed to driving innovation and providing the connectivity that empowers individuals and businesses alike,” Banigbe added.
The adjustment addresses a funding gap that has strained operators amid rising foreign-denominated operational costs and growing debt burdens.
It offers a path to financial stability while ensuring the delivery of premium services to millions of Nigerians.
Banigbe reaffirmed 9mobile’s commitment to supporting Nigeria’s digital economy vision, stating, “Our investments in reliable and innovative services are aimed at empowering Nigerians, bridging connectivity gaps, and advancing the nation’s position as a leading digital economy in Africa.”
