Nigeria: Why MTN Fine Was Reduced – Minister

The Minister of Communications, Adebayo Shittu, has said that the N780billion MTN fine was slashed to N330bn to attract investors and give businesses confidence to invest more in the country.

Shittu spoke in Abuja, yesterday, when the Chief of Army Staff, Lieutenant-General Tukur Yusuf Burutai, visited him in his office.

The minister said: “The MTN issue is an over-flogged issue as far as I am concerned. If anything, Nigerians should be happy that the matter has been laid to rest once and for all. The reduction was done in the interest of Nigeria.

“We need private sector to thrive just as they need us to thrive. We, in government, do not want to kill any business. All the decisions that have been taken on the MTN issue are on the best interest of Nigeria and Nigerians.”

Meanwhile, Burutai has said that telecoms services would be restored in the troubled towns and villages in the North-east soon.

He said that the Army was working with telecoms operators to rebuild facilities destroyed by insurgents.

He sought the collaboration of the ministry of communications on usage of latest technologies to track criminals in the country.

He said that the Army would collaborate with the ministry on satellite communications.

The minister commended the Army for fighting terrorists, stating his ministry’s readiness to cooperate in the fight against insurgency and militancy.

Source:  Daily Trust