November 20, 2017

Nigeria’s forex crisis set to hit telcos really hard

Paul AdepojuJul 17, 20172min

The Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), Gbenga Adebayo, has revealed that a fresh crisis is looming in the telecoms sector. He said foreign service providers and equipment suppliers have threatened to disconnect their Nigerian counterparts over an alleged breach of agreement thus cutting off telephone access to US, Europe and others.

He revealed that the latest crisis was brought about by the inability of some Nigerian operators to meet their financial obligations. If the development is not addressed timely and adequately, he said the country’s 150 million active subscribers may encounter challenges putting a call through from Nigeria to Europe, America and other parts of the world.

“It is going to be equally difficult for the local firms to procure equipment for expansion of their services in Nigeria and that could further lower the quality of service in the country,” he added.

He revealed that some of the foreign vendors had issued a notice of disconnection of service to their Nigerian counterparts, which could disrupt service availability with attendant negative impact on customers’ experience any time soon.

Commenting on the development, the President of the National Association of Telecommunications Subscribers of Nigeria (NATCOMS), Deolu Ogunbanjo, said there could be a collapse which he said would affect all other sectors of the economy including banking.

Paul Adepoju

Paul ADEPOJU is a Nigerian freelance journalist, managing editor, blogger and published writer (3 books already). He has vast experience working with various media organizations in Africa, Asia, Europe and America. He covers stories on various genres and for various audiences. He is the managing editor of which is Africa’s leading health news website; he also manages, a city blog that focuses on happenings in his home town of Ibadan, southwest Nigeria. He has won several awards including Nigeria’s Vanguard Newspaper’s Young Nigerian Making The Difference award; a certificate of recognition from UNESCO and Goi Peace Institute in Japan; a finalist at the International Press Institute’s Young Nigerian Journalist of the Year award; and was the only African finalist in the NetImpact/FedEx Global Access Essay Competition.

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