Nigeria telecommunication sector is in ICU & may collapse any time from now—MTN CEO

The CEO, MTN Nigeria, Karl Toriola, has said the telecom sector in Nigeria is now in an intensive care unit (ICU) gasping for breath.

Speaking virtually at a hybrid telecom investment forum organised by FDC on Tuesday in Lagos, he said there’s an urgent need to rescue the sector from collapse.

Toriola, who differed with the position of Airtel Nigeria CEO, Carl Cruz, who had expressed optimism that investment will continue to flow into the sector, said pricing increase has become imperative, adding that it is now an absolute necessity.

Meanwhile telecommunications companies may hike their tariff as they may have received backing from the industry regulator Nigeria communication commission (NCC).