Friday, May 9, 2025
32.8 C
Lagos

ATCON: ‘No Comment’ on $3. 9bn NCC, MTN Saga

The Association of Telecommunications Companies of Nigeria [ATCON] has declined to comment on whether MTN Nigeria should pay the $3. 9 billion fine imposed on it by the Nigerian Communications Commission [NCC] or refuse to pay.

Mr. Olusola Teniola, President of ATCON, said in Lagos yesterday that he has ‘No Comment’ on the issue of payment of the fine.

Rather, he said the official position of ATCON is for continous consultation and dialogue between the NCC and MTN Nigeria and other relevant stakeholders to settle the matter amicably.

“Our position is that consultation and dialogue are crucial in resolving all contending issues. ATCON supports our members to operate optimally and we also have our Code of Conduct guiding our members.”

Teniola lamented that most rich Nigerians do not invest in the Information & Communications Technology [ICT] sector in the country.

He said the sector is being driven largely by foreign investment, rather than local funds.

He listed some of the challenges facing the sector as multiple taxation, multiple regulation and foreign exchange hiccups.

He appealed to the Federal Government to declare the ICT industry as priority area in terms of accessing forex at official rate to support robust growth of the sector.

spot_img
spot_img
spot_img

Hot this week

PenCom to Sanwo-Olu: Implement Pension Increase for CPS Retirees

From Left: The Director General of the National Pension...

AIO Strengthens Ties with Nigerian Insurers, Pledges Better Return for Members

L-R: Mr. Charles Moki, Communication and Public Relations Officer...

NGX Group, Market Stakeholders Honour Pascal Dozie’s Enduring Impact

L-R: Idahosa Gabriel, President and Chairman of Council, LCCI;...

NCDMB Unveils Selection Criteria for Inaugural Nigerian Content Awards

The Nigerian Content Development and Monitoring Board (NCDMB), in...

Nigerian CEOs Optimistic on 2025 Economic Outlook: PwC’s 2025 Annual Global CEO Survey

PwC Nigeria has released the Nigerian findings of its...

Topics

Senate Confirms Aminu Maida as Executive Vice Chairman of NCC

The Senate on Thursday in Abuja, confirmed the appointment...

CBN Hosts FICAN Bi-Monthly Forum on e-Payment

The Central Bank of Nigeria (CBN) will be hosting...

Lagos Shopping Festival 2015

The Lagos shopping Festival 2015 is set for Thursday, Friday and Saturday, December 17, 18 and 19 at Tafawa Balewa Square TBS, Lagos. Over 350 local and international exhibitors are expected at the Festival. Also, an estimated 1.5 million visitors are expected to visit the 3-day festival. For participation and enquiries, pls call 08023088874. Email: [email protected]. Or visit the website at www.lagosshoppingfestival.com.ng.

NDIC, Reps Hold Workshop in Lagos

Chairman, House Committee on Insurance and Actuarial Matters, Hon...

NPA, FRSC Partner on Port Safety Model

The Managing Director of Nigerian Ports Authority (NPA), Hadiza...

Jeremy Awori, CEO of Ecobank Group Rings Closing Gong at NGX

(L-R) Bunmi Bajomo, Head, Group Corporate Bank, Ecobank Transnational...

Stakeholders Endorse Ecobank Stewardship Pack, School Bundle

Stakeholders in faith-based organisations and education sector have endorsed...

UnityKapital Assurance Acquires FUG Pensions, Injects N1bn Capital

UnityKapital Assurance Plc has opened another chapter in its...
spot_img

Related Articles

Popular Categories

spot_imgspot_img