…As FCCPC seeks to end Optasia’s 12-year monopoly
President Bola Tinubu has approved nine Nigerian companies to drive data credit infrastructure in Nigeria, as well as strengthen security.
The move, BusinessDay gathered, is aimed at strengthening security, local jobs and boosting the economy
The measure, coming in the wake of current security challenges, is seen as capable of further ending the exploitation of Nigerians.
The move is also expected to break the 12-year data credit monopoly by Optasia, a South African firm, that recently entered a legal battle with the Federal Competition and Consumers Protection Commission FCCPC, a federal government agency that protects consumers against exploitation and promotes competition
BusinessDay gathered that President Tinubu approved the firms in his efforts to enhance service delivery in the sector
A Presidency source said it was part of President Tinubu’s efforts to address ” a complex legal and regulatory issue, as well as
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