Citing soaring inflation and rising operational costs for telecom companie, Minister of Communication, Innovation and Digital Economy, Bosun Tijani, explained this during Tuesday’s 2025 budget defense before a joint House/Senate committee.
He argued the price hike reflects broader economic trends, where increased costs (like import tariffs) lead to higher consumer prices.
The government plans to invest ₦6 billion in expanding the country’s fiber optic cable network by 90,000 kilometers (from 35,000 to 125,000 kilometers) to boost communication infrastructure and growth.
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