MTN AND THE RETAILERS – WHO IS DECEIVING US? 


Yesterday, there was a short post by me on the text by MTN to its subscribers not to pay more than its official prices for its recharge cards. My worry was confirmed few minutes ago. The situation is the same in Owerri and indeed, Imo State. I decided to buy MTN recharge card of N200.00 to test if MTN has reached out to the retailers to halt an increase that started since December 2016. Who is deceiving who? 
I bought the N200 MTN recharge card for N210. I tried to ascertain why. The answer I got is this: The sellers now buy, for instance, a pack of 10 MTN recharge cards of N100 each at N990. Their gain, if they sell at N100 is N10. To offset their sundry cost which include transport to and fro the wholesalers or MTN access point, pay local government daily toll, etc and to make light gain, they added N10. I felt for them. You see them under the sun. They feed too. How much do they make at the end of the day? It simply means that MTN is milking them. I think regulation is needed to protect this class of Nigerians trying to legitimately eke a living. 
If MTN is sincere and serious on keeping the price of its recharge cards at its official rates, it should reduce the cost of its recharge cards to retailers, at least, by N50. Also, it should investigate its wholesalers and its official access points. Who knows? There could be funny business going on in these places. 
The NCC should, on its own, step into this matter. The poor retailers need protection, not exploitation. We cannot be talking of fighting corruption and insecurity when we abandon the poor and vulnerable to be exploited and mistreated by producers. I reiterate that MTN should go public and inform us what caused the hike. It ought to know.

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