• FG relaxes MTN fine to encourage foreign investments, says Shittu

    FG relaxes MTN fine to encourage foreign investments, says Shittu

    Mr Adebayo Shittu, Minister of Communications, had said that the $5.2billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country.

    Shittu said this on Sunday in Ibadan at an award ceremony in honour Chief Lekan Balogun, the Otun Olubadan of Ibadanland.

    He said that the Federal Executive Council (FEC) decided to reduced the penalty against the telecommunications giant after realising the negative impact the burden could have on the nation, its people and the economy.

    The Nigerian […]

  • Why MTN fine was reduced to N330bn – Minister explains

    Why MTN fine was reduced to N330bn – Minister explains

    Minister of Communications, Adebayo Shittu, has explained why the N1trillion fine slammed on MTN Nigeria was slashed to N330bn.

    He said government decided to be flexible so as to attract investors and give investors confidence to invest more in the country.

    Shittu who spoke in Abuja, yesterday, when the Chief of Army Staff, Lieutenant-General Tukur Yusuf Burutai, visited him in his office, said “The MTN issue is an over-flogged issue as far as I am concerned.

    “If anything, Nigerians should be happy that […]