Planned telecoms tariff hike will reduce inflation ~ Bismarck Rewane

The Chief Executive Officer of Financial Derivatives, Bismarck Rewane, has said the proposed tariff hike by telecommunications will help reduce inflation in the country.

Rewane made this statement on Channels Television’s Business Morning on Thursday.

Recall that the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, on Wednesday confirmed plans to increase telecoms tariffs, saying the Nigerian Communications Commission, NCC, would come up with modalities for the adjustment.

According to Rewane, who previously supported the plans for a tariff hike, the move will make the sector more sustainable.

He said it would help to reduce inflation because it increases productivity, stressing that the price of MTN shares went up by 10% to 220.

Rewane reiterated that investors had already factored that in, adding that they are expecting a lot of good goodies.

Peoplesmind