HomeLocal NewsLagos residents condemn high interest rate on telecoms data loan

Lagos residents condemn high interest rate on telecoms data loan

Date:

Related stories

Ganduje behind intimidation of Kano govt aide – NNPP

The New Nigeria People’s Party (NNPP) has accused the...

Yuletide: NSCDC deploys 3,542 operatives in Kano

The Kano State Command of the Nigeria Security and...

Police recover stolen tricycles, arrest two suspects in Kano

The Kano State Police Command has recovered two tricycles...

Kano Govt to pay N8.5bn for demolished property

Justice Sanusi Ma’aji of the Kano High Court has...

Gov. Yusuf rolls out four-year plan to end corruption in Kano

The Kano State Government has launched its Anti-Corruption Strategy...
spot_img

Some telecommunication subscribers in Lagos on Tuesday condemned the high interest in data loan services from telecommunication operators in the country.

The residents who expressed their dissatisfaction in separate interviews with the News Agency of Nigeria (NAN) in Lagos said that some of the telecom operators in the country charge as much as 15 per cent on data loans given to their customers.

Mr Habeeb Olusanjo, a telecoms subscriber, said the operators did not understand the effect of the present economic situation on the average Nigerian.

“It seems they don’t know what people are going through in the country. I consider it absurd, the same way I feel about borrowing credit on their network,” he said

Also speaking, Mr Collins Adeoluwa, a phone accessories trader at Oyingbo market in Lagos mainland, said that data loan is a good business for telecommunication operators in Nigeria because many people depend on data loan to be active on social media always.

“Some people cannot do without data, to maintain their status on social media they borrow data when they don’t have money for subscription,” he said.

Mrs Folasade Lawal, a cloth trader, said that some business owners cannot afford the effect of running out of data on their businesses, therefore, they do not have a choice than to borrow data when they cannot subscribe irrespective of interest on such data.

“Some business progress depends on availability of data, for advertisement, placing of order, shopping and online banking, I feel that data loan is a huge rip-off on these sets of people,” she said.

Another subscriber, Mr Kunle Hammed, said that he prefers to buy data from resellers which gives him more data at lower cost instead of borrowing data. (NAN)

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here