Telcom giant, Airtel Nigeria, on Wednesday, said President Bola Tinubu’s economic policy reforms, especially the unification of the exchange rate, eased its planning and operations within Nigeria.
The Chief Executive Officer of Airtel Africa, Mr Segun Ogunsanya, revealed this after he paid a courtesy call to the President at the Aso Rock Villa, Abuja.
Ogunsanya noted that although the company still grapples with FX challenges, the policy has eased its business within the past seven months.
“We had massive issues with FX liquidity, we still have some issues with FX liquidity, but at least slightly more predictable than it was a couple of months ago.
“It makes it easier for us to do better planning. We’re not out of the woods yet, but we can see the light at the end of the tunnel; we can do better planning,” he told State House Correspondents at the Villa.
Airtel the oldest telecommunications company operating in Nigeria, began operations in August 2001 as Econet Nigeria after it was awarded Digital Mobile License for communication service.
Ogunsanya, who retires from office in June 2024, revealed that Airtel is setting up one of Africa’s largest data centres in Nigeria.
He said siting the mega data centre in Nigeria would serve other big businesses and some multinationals, adding that the land had been procured and the groundbreaking ceremony would be in a few weeks.
