The Nigerian Communications Commission (NCC) has announced its removal of data price control mechanism by abolishing its data floor price.
NCC said in a statement that the removal came because of a need to ensure the growth of the data sevice sector. The floor price simply means a minimum price which telecom operators cannot charge customers less than.
The price control mechanism was initially set up to check unhealthy competition and the NCC has insisted that it ” will restore the floor price if any distortion is observed within the market segment,”