The Chief Executive Officer of MTN Nigeria, Karl Toriola, has identified the high cost of mobile phones as an obstacle to achieving digital inclusion in Nigeria.
Toriola stated this in a recent interview on Arise TV. According to him, while the global demand has led to a reduction in smartphone costs, Nigeria alone might not generate enough demand to bring down prices as quickly.
He suggested local assembling could help reduce production costs and eliminate customs duties, making smartphones more affordable. Toriola also emphasized the need for collaboration with regulators.
Speaking on financing as a solution, the MTN CEO stressed the importance of aggregate credit scoring history for citizens to finance their mobile devices.
By working on these technologies, he said MTN aims to make smartphones accessible to a broader population, allowing people to pay for their devices responsibly over an extended period.
Speaking on the interconnect debt issue with Globacom, Toriola said the technology company is complying with regulatory advice to resolve the issue.
Recall that the NCC had on January 8, 2024, published a pre-disconnection notice informing subscribers of the approval granted MTN Nigeria Communications Plc to commence the phased disconnection of Globacom Limited with effect from January 18, 2024, due to a long-standing interconnection debt dispute between the parties.
While probing further into industry dynamics and the origin of the company, he reiterated that the ICT company is solely Nigerian.
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