MTN raises data prices, implements 50% tariff hike

MTN Nigeria has increased its tariffs by 50%, raising the cost of data and other services for millions of users. The price hike, which took effect recently, has sparked mixed reactions among customers, many of whom are already grappling with rising living costs.

The telecom giant attributes the increase to inflation, rising operational expenses, and the need to maintain service quality. MTN stated that the adjustment was necessary to keep up with economic challenges, including fluctuating exchange rates and the high cost of network expansion.

Subscribers have expressed frustration over the new pricing, with many taking to social media to voice their concerns. Some argue that the hike places an additional financial burden on consumers, while others worry about the affordability of mobile data, especially for small businesses and students who rely on the internet for work and studies.

Despite the backlash, industry analysts note that telecom companies are under pressure to adjust pricing due to economic realities. Rising energy costs, equipment importation expenses, and government taxes have contributed to increased operational costs across the sector.

MTN has assured customers that it remains committed to providing quality service and that the price hike will help sustain and improve its network infrastructure. However, the move raises questions about potential price increases from other telecom providers and how it will affect digital accessibility in Nigeria.

As customers adjust to the new rates, further discussions are expected on the impact of telecom pricing on economic activities and consumer welfare.