FG Reduces Data Price By 50 Percent - EDU-BIZNEWS


Thursday, December 10, 2020

FG Reduces Data Price By 50 Percent

Data users in Nigeria can now enjoy more data browsing on the internet , following 50 percent reduction in the price of  per1GB announced by the presidency on Thursday in Abuja.

 With the cut in the price of data , the price of data of 1GB has been reduced from 1000 naira to 487 naira beginning from last November.

The Minister of Communications and digital economy, Dr Isa Ibrahim Pantami who revealed the news ,said that the Nigerian Communications commission, NCC as a regulatory body had been directed to put in place measures for the immediate implementation of the new data price by service providers.

According to him,“The average cost of 1GB of data has been reduced from the January 2020 cost of N1,000 to N487.18 in November, 2020.

The Minister in a statement by his
Technical Assistant on Information and Technology, Mr Femi Adeluyi explained that the reduction was based on the report submitted to him by NCC.

“This was based on a report by the Nigerian Communications Commission (NCC) submitted to the Honourable Minister following the implementation of the directives,” he stated.

According to the statement
“The Honourable Minister had inaugurated a Committee that developed the Nigerian National Broadband Plan (2020-2025) on the 16th of December, 2019.

He added that the “The Plan was unveiled and launched by His Excellency, President Muhammadu Buhari, GCFR, 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."the minister said.

Pantanmi further revealed that“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).

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