Tinubu’s Policies Have Worked Well For Us – Airtel Boss

One of the largest telecommunications service providers in the country, Airtel Nigeria, has lauded President Bola Tinubu’s policy reforms, which it claimed have worked very well for it.

The Chief Executive Officer of Airtel Africa, Segun Ogunsanya, who gave the kudos on Wednesday while speaking with journalists at the State House, after a meeting with President Tinubu, also disclosed that the telecommunications giant is set to up one of Africa’s largest data centres in Nigeria.

Ogunsanya, who said he was at the Villa to show appreciation to the President and to hold some private discussions with him, categorically noted that the efforts put into stabilising the foreign exchange regime in the country as one of the policy efforts that have positively reflected on the company’s operations.

He further clarified that the resolution of the foreign exchange crisis had not been completely achieved, he expressed hope that there is light at the end of the tunnel.

“I just came to share my appreciation with His Excellency for a very conducive environment for our business. If you recollect, about six, seven months ago, I came to see His Excellency to discuss the operation environment for our business and a few things were changed, they’ve worked very well for us” he said.

Asked what had changed, he said “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 light at the end of the tunnel, we can do better planning”.

On the proposed mega data centre, which he said had been sited in Nigeria to serve, among others, big businesses and some multinationals, he said it would be one of the largest in African, adding that the land had been procured and that groundbreaking should be in a matter of weeks.

“We’re always expanding our business, we’re always investing in the country. We’re going to set up a new data center in the country. We’ve already bought the land, we’ll be breaking ground very soon, it’s going to be one of the largest data centers in Africa that we’re going to put in Nigeria.

“It’s going to be one of the largest in Africa, it’s going to serve all the big multinationals in the country, it’s also going to serve some of the foreign companies. It’s actually one of the largest in Africa”, he said.

Asked about how much the project is projected to cost, he said “we’re not talking about the money for now because we’ve not done the final budgeting. We’ve got the land, we’ve got the consultants, and we’re going to break ground in another few weeks.”

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