MTN Nigeria has implemented a 50% price hike, marking a significant shift in its pricing strategy. The telecom giant’s decision comes amid rising operational costs and economic challenges in the country.
This increase is expected to impact millions of subscribers, sparking discussions about affordability and accessibility in Nigeria’s telecom sector.
MTN Nigeria has begun increasing data prices, leaving many subscribers frustrated as their usual plans now cost significantly more. The Nigerian Communications Commission (NCC) approved a 50% tariff hike on January 24, 2025, though the adjustments vary across different data plans.
For example, the 15GB weekly plan that once cost ₦2,000 now stands at ₦6,000—a staggering 200% increase. However, MTN claims this is simply a return to the plan’s original price rather than an arbitrary hike. Meanwhile, smaller plans, such as the 1.8GB monthly plan, only rose from ₦1,000 to ₦1,500, aligning with the approved 50% increase. Some plans, like the 2.5GB daily plan (₦500), remain unchanged.
Unsurprisingly, Nigerians are upset. With inflation at 34.8% and food inflation hitting 40% in late 2024, everyday expenses are already skyrocketing. Now, many consumers are forced to choose between affording data or meeting basic needs.
Yet, telcos are struggling too. The naira’s instability has led to massive forex losses, with MTN Nigeria posting a ₦656 billion loss in 2024 and Airtel Africa facing similar struggles the previous year. Some experts argue that this tariff hike is essential for keeping telecom companies afloat, though others believe it’s still not enough to cover their mounting losses.
What’s Next for Nigeria’s Telecom Sector?
With data now more expensive, many Nigerians may cut back on usage or find alternative ways to stay connected. Meanwhile, telcos might shift focus to B2B services to generate additional revenue. Regardless of the outcome, this price hike arrives at a challenging time for both consumers and telecom providers alike.