NSE: FG to wield the big stick on telcos
Telecommunications firms operating in the country may soon incur the wrath of the government, the Minister of Communications, Mr. Adebayo Shittu has said, even as he appealed to the operators to get listed in the Nigerian Stock Exchange (NSA).
The minister, who made the statement at the MTN and Lumos partnership for generation of solar energy for Nigerians on Monday in Abuja, said the government is set to wield its big stick on defaulters.
“I appeal to telecoms companies that before government wields the big stick, they must get their companies listed on the NSE so that Nigerians can also be part of the ownership of these companies.”
Shittu said the directive has become compelling so that Nigerians across the different strata can also be part of the success stories of the telecoms revolution by becoming part owners of the companies.
“I’m sure that none of these companies want to rush out of Nigeria in a hurry because Nigeria is such a big market for every operator.
Shittu, however acknowledged the challenges of power generation in the country but said the government is doing everything within its power to resolve it.
