USSD charges: Nigerian elite are looking to pass costs of their hedonistic lifestyles to the people – Expert

Cheta Nweze, Lead Partner and heads the research desk at SBM Intelligence Cheta Nwanze, says Nigeria is in dire financial straits.

He said this in a series of tweets on his official twitter handle, stating that ‘rather than cutting down on their expenditures, our elite are looking to pass the costs of their hedonistic lifestyles to us, the people.’

Cheta said, “On Monday on @Smooth981FM’s #FreshlyPressed981, I said that it was the bank CEOs that had insisted that the USSD charges be made, and offered the telcos a sweetener to ensure it went through.”

“In my analysis, I said that Central Bank of Nigeria’s governor was being disingenuous in berating MTN Nigeria.”

“As always, in the feedback, there were a few people who attacked. Typical. Nigerians are deeply xenophobic, and poor MTN Nigeriais a favourite whipping boy these days.”

“What we have to understand is the banks, facing extra charges, have done what most businesses will do, and passed the charges to consumers.”

READ MORE: https://thebelltimesng.com/2019/10/22/ussd-charges-nigerian-elite-are-looking-to-pass-costs-of-their-hedonistic-lifestyles-to-the-people-expert/

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