The Association of Mobile Money and Bank Agents in Nigeria, AMMBAN, has warned that its members might be forced to raise service charges due to the recent telecommunications tariff hike.
Ogungbayi Ganiyu, the National Public Relations Officer of AMMBAN, made this statement on Monday, January 20, in response to the Federal Government’s approval of a 50 percent increase in telecom services tariffs.
Ganiyu explained that AMMBAN members primarily rely on telecom services, particularly data, for their operations, and will therefore be significantly affected by the hike. 
However, he mentioned that POS operators may attempt to absorb the increased cost of telecom tariffs themselves.
“The telecom tariff hike will impact the operations of our members. I am afraid this may also have a multiplier effect on service charges.
“We have not sat down and looked at the latest tariff hike,” he stated.
On Monday, the National Association of Telecoms Subscribers, NATCOMS, pledged to take legal action against the Federal Government over the 50 percent increase in telecoms tariffs.
It is worth noting that the last time telecoms tariffs were raised was in 2013.
