The planned increase in tariff of telecommunications companies in Nigeria has received the backing of the Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane.
Rewane, who spoke in a Channels TV interview program over the weekend, said the tariff increase was the only way to sustain the businesses.
Ripples Nigeria reports that the Telcos had a few weeks ago sought the approval of the Nigerian Communications Commission (NCC) to hike their tariff,