Over 40 million Nigerian telecom subscribers risk airtime lending disruption

More than 40 million low-income Nigerians who depend on airtime borrowing services face potential disruption if the Federal Competition and Consumer Protection Commission (FCCPC) restarts full enforcement of its Digital, Electronic, Online or Non-Traditional Consumer Lending, DEON, Regulations 2025. This looming threat hangs over subscribers before a crucial appeal can be heard and decided.

The Wireless Application Service Providers Association has raised concerns that the FCCPC's actions could severely impact millions of Nigerians who rely on these short-term credit facilities for essential communication. These services are particularly vital for low-income individuals who may not have consistent access to funds for airtime.

The FCCPC's regulations aim to govern digital lending practices, but critics argue that a hasty or premature enforcement could disproportionately harm vulnerable consumers. The association is urging the commission to await the determination of the appeal to ensure a fair and considered approach that protects the interests of these subscribers.

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No fewer than 40 million low-income Nigerians who rely on airtime borrowing services may again face disruption if the Federal Competition and Consumer Protection Commission FCCPC, resumes full enforcement of its Digital, Electronic, Online or Non-Traditional Consumer Lending, DEON, Regulations 2025 before the determination of an appeal