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Etisalat: Fed govt intervened to protect Nigerian employees, subscribers – Shittu.

The Minister of Communications, Barrister Adebayo Shittu, said the Federal Government stepped in to intervene in the crisis currently faced by Etisalat to save the Nigerian employees as well as the subscribers.

The Minister stated this in his Office when the Etisalat, now 9Mobile, network provider Management team paid him a courtesy visit.

Shittu congratulated the new management team of the company and tasked them to work hard to revive the company back and get it out of debt.

He added that even though the company was privately owned it would be an embarrassment to the Federal Government to fold its hand and allow the company to die, when a lot of Nigerians have put their trust and up to 20 million Nigerians are subscribers, many were employed and Nigerian banks are stakeholders, hence the government’s quick intervention to rescue the company from bankers creditors whom were determined to take over.

The Minister assured the new management that the Federal Government would always give support and provide the enabling environment for all telecommunications industry to thrive.

In his speech earlier, the leader of the delegation, Mr Boye Olusanya, commended the Minister for the role he played in making sure that the company did not fold.

Boye requested the Minister to also use his good office to intervene in the areas of Multiple Taxation, Foreign Exchange, Right of Way (RoW) and security of infrastructures that would ease their way of operations.