Our Subscribers Must Pay More Otherwise –MTN Nigeria

If you are a subscriber on the platform of MTN Nigeria, leading telecommunications service provider, then be ready to pay more for their services.

The company has made this clear, saying that to do otherwise, was to keep the company making losses for its service delivery.

The Chief Executive Officer of MTN, Karl Toriola who made this clear on Monday decried accumulating significant losses adding that the only way to stop this was to increase tariff.

Speaking during a tour of MTN’s facilities by Fellows of the Media Innovation Programme in Ibeju-Lekki, Lagos, he declared that “We must return the industry to profitability”, adding that “There should be no delusion; if the tariff doesn’t go up, we will shut down,”

According to him, the bid to remain in business was making an upward jerk on service costs to subscribers inevitable.

He warned, “There should be no delusion; if the tariff doesn’t go up, we will shut down,” adding that not only was MTN Nigeria experiencing decline in its tax contributions decline as a result of these financial challenges, but had to adopt a cautious approach as not to collapse.

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The Eagle reports a similar scenario last August whereby Toriola painted a gloomy picture of the telecoms sector, stating that “We’re in a deep crisis.”

Speaking at a forum in Lagos, he said that despite the growth that the telecommunications industry had experienced over the past two decades, that rising operational costs were threatening its sustainable survival.

Among other things, he stated: “Nobody is going to put in $1 with the expected return of 60 cents on the dollar”.