N@N

Tariff Tsunami: How Tinubu's Government Raised Prices Across Telecoms, Ports, Power,Others

The article from Legit.ng discusses the recent economic policies under President Tinubu's administration in Nigeria, which have led to a significant increase in tariffs across various sectors. Key points include the removal of fuel subsidies, which has indirectly raised costs in transportation and goods, and the floating of the naira, leading to its devaluation. Specifically, the telecom sector has seen a 10% hike in tariffs, affecting services like calls, data, and SMS. Additionally, electricity tariffs have surged by 40% for Band A customers, impacting both residential and commercial users. Port charges have also increased, with terminal operators raising tariffs by 10% to 15%, which affects import and export costs. These changes are part of a broader economic reform aimed at reducing government expenditure and encouraging market-driven pricing, but they have sparked concerns about the cost of living and doing business in Nigeria.

Read the Full legit Article at:
[ https://www.legit.ng/business-economy/economy/1640919-tariff-tsunami-how-tinubus-government-raised-prices-telecoms-ports-others/ ]