x

Nigeria’s “Hike Economy” and Its Impact on Telecom Services

By  Milcah   Tanimu

Nigeria is grappling with an ongoing cost-of-living crisis, with price hikes now touching nearly every sector, including telecommunications. What started with increases in petrol, gas, transportation, interest rates, food, and power has now extended to telecom services.

This unyielding rise in prices has led many to call it the “Hike Economy.” The term reflects the growing frustration of millions of Nigerians as essential services become increasingly unaffordable.

The “Hike Economy” is not just an economic issue but a social one. It threatens the stability of a society striving for progress and development. As telecom services join the list of escalating costs, businesses and households alike feel the strain.

Addressing the impact of this trend requires urgent, innovative solutions. Without intervention, this crisis will continue to burden Nigerians, making it critical for policymakers to act swiftly to provide relief.

Hot this week

Ibom Air signs N200M sponsorship deal with Akwa United FC

By Ogenyi Ogenyi,UyoIbom Air and 2021 Nigeria Premier Football...

Today’s Headlines: Galatasaray Recoup €31m From Osimhen Deal; ‘Nigeria...

Northern Governors Mourn Victims of Niger Tanker Explosion

The Northern States Governors’ Forum (NSGF) has expressed deep...

Gov. Alia Hails Gowon’s Contributions to Public Health, Nation-Building at 91

By Isaac Kertyo, MakurdiBenue State Governor, Rev. Fr....

US-Based Nigerian Entrepreneur Relocates to Abuja, Set to Employ 10,000 Workers in Restaurant Venture

By Achadu Gabriel, KadunaA United States-based Nigerian entrepreneur and...

CSO Urges State Governors to Emulate Jigawa Governor, Approve Advance Payment for 2026 Hajj

By Jabiru HassanIndependent Hajj Reporters (IHR), a faith-based civil...

Plateau Government Reaffirms Support for NYSC’s Rural Health Initiative in Jos East

By Israel Adamu, JosThe Plateau State Government has reaffirmed...

Jang Congratulates Plateau PDP, Commends Gov. Mutfwang for Peaceful Congress

By Israel Adamu, JosFormer Governor of Plateau State, Senator...

Related Articles

Popular Categories

spot_imgspot_img