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FG Slashes Cost of Data by Half

Nigeria’s Minister Communications and Digital Economy, Dr Isa Ali Pantami, has indicated that measures have been put in place to significantly reduce the average cost of data.

According to reports obtained from tbe Nigerian Communications Commission (NCC) submitted to the Honourable Minister following the implementation of the directives, the average cost of 1GB of data was reduced from N1,000 to N487.18 from January to November, 2020.

 

The Minister had inaugurated a Committee that developed the Nigerian National Broadband Plan (2020-2025) on the 16th of December, 2019. The Plan was unveiled and launched by the President Muhammadu Buhari on the 19th of March, 2020.

One of the goals of the Plan is to reduce the average cost of 1GB of data to a maximum of N390 by 2025. With the January 2020 baseline of N1,000 per GB, the maximum projected steady decrease for the end of each year was as follows: 2020 (N925), 2021 (N850), 2022 (N775), 2023 (N700), 2024 (N545) and 2025 (N390).

In line with Dr Pantami’s commitment to under promise and over deliver, the measures have caused the current cost of data to reduce significantly beyond the December 2020 projection of N925. Based the Report by NCC, the average cost of data as at November 2020 was N487.18, which amounts to 47.33% lower than the projected value. The Report also indicates that the cost of data in November 2020 was less than 50% of the cost of data in January 2020.

In a press statement, the Federal Ministry of Communications and Digital Economy, through the NCC, stated, it will continue to ensure that consumers enjoy a price regime that supports fairness and is friendly to consumers and that Policies are in place to ensure that operators adopt competitive pricing that eschews unjustifiable margins.

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