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A better telecom sector in 2025 is the key to economic growth

Telecom operators in Nigeria are clamouring for an overdue tariff review to ensure cost-reflective pricing and the sector’s sustainability amid a challenging macroeconomic environment. This comes after a 97.37% increase in Starlink’s data subscription package, taking effect in January 2025.

While an increase in tariffs will heighten living costs for consumers, compounding inflation already at 35%, it is also imperative to revitalise the sector that has recorded N963.45bn in losses between 2023 and 2024. Productivity in the telecoms which contributes 13.94% to GDP (Q3 2024) will further support and bolster investment inflows and output from interconnected industries, particularly financial services.

The price of coal fell 11.39% (yoy) to $125/ton

Coal prices plunged by 11.39% (yoy) to $125/ton in December 2024 from $141.06/ton in January 2024, driven by higher production in China and India and reduced demand as renewable energy gained traction. We expect the price of coal to keep declining as the world transitions away from the dirty fuel to achieve climate change and renewable targets. Nigeria plans to achieve 30% of its electricity from renewable sources by 2030.

FDC’s Managers, Dumebi Oluwole and Terver Kumeka discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated programmes, respectively.

Click the link to watch the video.

Enjoy your read!