Tinubu’s competition shake-up ends foreign firm’s 12-year control of airtime lending
The decision follows a detailed briefing by the FCCPC, which reportedly warned the Presidency that Optasia’s long-standing dominance of the market had encouraged massive capital flight The post Tinubu’s competition shake-up ends foreign firm’s 12-year control of airtime lending appeared first on Premium Times Nigeria .
Nigeria's President Bola Tinubu has initiated a significant shift in the telecommunications market, ending a 12-year period of foreign dominance in airtime lending. The move comes after the Federal Competition and Consumer Protection Commission (FCCPC) presented a briefing to the Presidency. The FCCPC reportedly cautioned that the prolonged control by the foreign firm, Optasia, had led to substantial capital outflow from the country.
This policy change aims to foster local competition and retain capital within Nigeria's economy.
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