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![MTN, Airtel, Glo, Other Telcos Move To Increase Call, Data Tariff – [See Details]](https://www.naijanews.com/wp-content/uploads/2022/04/mtn-airtel-glo-9mobile.jpg)
The associations concluded,“By fostering a conducive regulatory environment, prioritising infrastructure development, enhancing security measures, and facilitating pricing adjustments, the government can unlock the full potential of Nigeria’s telecommunications sector, driving economic growth and societal development.” According to the National Bureau of Statistics, investments in Nigeria’s telecommunications sector dropped to $134m in 2023 from $456.8m in the same year, marking a $322m decrease.
The Telcos lamented that“Attacks on cell towers, fibre optic cables, and other critical assets disrupt telecommunications services and result in significant financial losses for operators.” ALTON and ATCON have highlighted their members’ ongoing infrastructure deficits, which result in limited access to vital telecommunication services.
“For a fully liberalised and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode investors’ confidence,”part of the statement read.
“Despite the adverse economic headwinds, the telecommunications industry remains the only industry yet to review its general service pricing framework upward in the last 11 years, primarily due to regulatory constraints.
They have appealed to the federal government to safeguard assets and network infrastructure and called for legislation to recognize telecommunications infrastructure as critical national infrastructure..
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