Business
FG Says “No to 100% Tariffs Hike by Telcos”
“I know that Nigerians are agitated to hear the exact percentage approved. There are still some stakeholder engagements that we are going through, but you will hear from us within a week or two.

The Federal Government has approved the planned hikes in telecom tariffs by MTN, Airtel, Globacom, and 9mobile, but it will not be the 100 percent that telecom operators are pushing for at the moment.
This was the outcome of a stakeholders’ meeting with Mobile Network Operators (MNOs) with the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, on Wednesday in Abuja.
The Minister disclosed during the consultations and engagements meeting that the Nigerian Communications Commission (NCC), would soon approve the new tariffs and make it public to Nigerians.
He said: “You have seen over the past weeks that there has been agitation from some of these companies to increase tariff. They are requesting for 100 percent tariff increase.
“But it will not be by 100 percent. We are still looking at that study and NCC will come up with a clear directive on how we will go about it.
“We want to strike the balance as a government to protect our people, but also protect and ensure that these companies can continue to invest significantly.
“We need to ensure that as a sector, we get our acts together, ensure that from the regulation side, we put the right regulations in place that can ensure the growth of this sector.”
The Minister also noted that the Federal Government would no longer leave investments in infrastructure in the sector to private companies alone.
As a country, over time, we have left these investments in the hands of the private sector. They typically invest where they can see returns in the short to medium term.
“We will not want this conversation to just be about tariff increase. I think what the world is talking about today is meaningful connectivity.
The Executive Vice-Chairman (EVC) of the NCC, Dr Aminu Maida, said that the meeting with stakeholders was about the sustainability of the industry.
“We have looked at all of these factors, and that is why, as the Minister said, it is not likely that we are going to approve a 100 percent tariff increase.
“I know that Nigerians are agitated to hear the exact percentage approved. There are still some stakeholder engagements that we are going through, but you will hear from us within a week or two.
” He said that the NCC had put some tools and instruments into place by revising its quality of service regulations for compliance service quality. He said that the MNOs must comply with simplified templates to show Nigerians charges per minute for voice calls, SMS, and a megabyte of data.
We are moving away from the regime where you will have a main rate, then you will now have a bonus which is at a different rate.
“It makes it often complicated for Nigerians to understand what they are being charged for.
“This is one of the things when we took a lot of time over the past year looking at data there is this agitation that the MNOs are stealing our data,” he said
The CEO of Airtel Nigeria, Dinesh Balsingh, represented by Femi Adeniran, Airtel media spokesperson, noted that for the telecoms commitment to delivering superior connectivity and fostering digital inclusion, there is need for tariff increments.
“The economic realities of rising operational and capital costs necessitated the proposed tariff adjustments.
This is aimed to ensure the long-term sustainability of the sector while unlocking significant benefits for Nigerian consumers,” he said.
Business
Uber, Bolt, inDrive workers to down tools in Lagos on May 1

The Amalgamated Union of App-Based Transporters of Nigeria (AUATON), Lagos State Chapter, is planning a 24-hour protest on May Day over alleged anti-labour practices by app-based companies including Uber, Bolt.
In a statement signed by AUATON Public Relations Officer Steven Iwindoye on Tuesday, the union said members would be staying off the apps, refusing to work, and demanding that their rights be respected.
According to Iwindoye, the union is protesting against alleged poor wages, unjust deactivations, insecurity and unsafe working conditions.
Others are excessive commissions taken by app companies, lack of proper rider profiles, mandatory facial recognition systems and harmful and exploitative work policies.
He alleged that app-based companies like Uber, Bolt, Lagride, inDrive, and Rida had ignored the union’s concerns and disrespected its rights.
Business
BACITI Advocates Market Shift for Nigerian Exporters
Nigerian agricultural and manufacturing SMEs that have carved out a market in the U.S.now face a price disadvantage.

The Bashir Adeniyi Centre for International Trade and Investment (BACITI) says that Nigerian fertilizers manufacturers and industrial goods had better consider exporting regionally under the AfCFTA .
BACITI also urges the Nigerian Export Promotion Council (NEPC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to help exporters cope with the tariff’s cost through rebates, tax breaks, or low-interest loans to affected exporters.
BACITI , in its Economic Insight April 2025, noted that the U.S. tariff will hit Nigeria’s non-oil export sector hardest.
Said the report: ” Many African countries rely on preferential access to the U.S.market under AGOA (African Growth and Opportunity Act), which granted duty-free treatment to thousands of African exports.African manufacturers who invested with AGOA preferences in mind are now at risk.
Textiles, leather, and agro-processing exports from countries like Kenya,Ethiopia, Ghana, Lesotho, and Nigeria may now face 10–14%tariffs, rendering the uncompetitive.
This could lead to job losses in export zones and industrial park.
Nigerian agricultural and manufacturing SMEs that have carved out a market in the U.S.now face a price disadvantage.
Niche products like Nigerian cocoa butter, dried fruits, or textiles and apparels which entered the U.S. duty-free will become costlier and uncompetitive.
Fertilizer makes up 2–3% of Nigeria’s exports to the U.S. A 10-14% tariff on fertilizer could lead U.S. buyers to seek cheaper suppliers, thus Nigerian producers might lose that market or have to accept lower net prices.
While crude oil is less likely to be directly impacted by the new tariffs, the broader uncertainty stemming from the ongoing trade war is likely to exert downward pressure on global oil prices, thereby affecting Nigeria’s export revenues and fiscal stability.
Indirect macro impact via oil prices: fallin oil prices due to slow global trade and economic uncertainty.
This would further reduce Nigeria’s export earnings and government revenue. A $10 drop in oil price, for example, costs Nigeria billions in export earnings.
Fiscal and FX pressures: A decline inNigeria’s export earnings would reduce dollar inflows, placing pressure on the naira.
In times of global uncertainty or trade wars, investors often retreat from riskier markets. As a result, Nigeria could face capital outflows, further currency depreciation, and rising inflationary pressure.”
Business
CPPE Spots Flaws in RMRDC Raw Materials Bill, Calling for its Withdrawal
Dr Muda Yusuf, the Director/ CEO of CPPE, said: ” The RMRDC involvement in trade policy matters is an aberration. Besides, the bill has a very weak value proposition.

The Centre for the Promotion of Private Enterprise (CPPE) has critiqued the Raw Materials Research and Development Council [RMRDC] Bill in the National Assembly, calling for its withdrawal.
The RMRDC Bill proposed by Senator Peter Onyekachi Nwaebonyi, which aims to ensure local processing of at least 30 percent of Nigeria’s raw materials before exportation, has received overwhelming support from the Manufacturers Association of Nigeria, and other stakeholders during the public hearing organized by the Senate Committee on Science and Technology, held on Wednesday, March 5, 2025.
However, Dr Muda Yusuf, the Director/ CEO of CPPE, said: ” The RMRDC involvement in trade policy matters is an aberration. Besides, the bill has a very weak value proposition.
The CPPE advises the RMRDC to withdraw the bill.
Dr Yusuf urged the National Assembly to encourage the RMRDC to focus on its core mandate of raw materials research to offer the most cost-effective raw materials option for manufacturers.
Dr Yusuf explained that the RMRDC Bill currently before the National Assembly has the prospect of creating significant adverse and unintended consequences for Nigerian exporters and manufacturers.
What study has been done to determine the local processing capacity for each category of primary products currently being exported?
What metrics would be used to determine raw materials that manufacturers would be allowed to import into the country?
What is the effective time frame for implementation?Is it within the mandate of the RMRDC to promote the ban on exports or imports?
The position of the CPPE is that this bill raises more questions than answers.
It is a very simplistic proposition that has not taken into account the critical challenges of manufacturing, processing,, and value addition in the Nigerian economy. “
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