50% tariff hike: Nigerians may spend N6.74tn on calls
The proposed hike, which has sparked widespread concern among phone users, is expected to affect not just individual phone users but also businesses that rely heavily on telecommunications.
According to industry experts, the tariff hike is likely to have a far-reaching impact on the country's economy, particularly on low-income households and small businesses that are already struggling to make ends meet.
"This proposed tariff hike is a recipe for disaster," said a spokesperson for the Nigerian Consumer Protection Agency. "It will further exacerbate the economic hardship faced by many Nigerians, and we urge the government to reconsider this proposal."
The Nigerian government has been considering various tax reform bills, including a proposal to increase Value-Added Tax (VAT) rates. However, there has been opposition to these proposals, with some arguing that they could worsen economic hardship for many Nigerians.
The proposed tariff hike has also sparked concerns among business owners, who fear that it could lead to increased costs and reduced profitability.
"This tariff hike will be a death blow to many small businesses," said a Lagos-based entrepreneur. "We are already struggling to stay afloat, and this increase will only make things worse."
As the proposal continues to generate controversy, Nigerians are bracing themselves for the potential impact on their phone bills. With the country's inflation rate already at an all-time high, many fear that the proposed tariff hike could push them to the brink of financial disaster..
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