Nnamani demands N4.5trn telecoms infrastructure funding from CBN

70% broadband penetration

The Chief Executive Officer of Medallion Communications Limited, Mr. Ikechukwu Nnamani has called on the Central Bank of Nigeria (CBN) to channel N4.5 trillion for the infrastructures in the country. The amount is equivalent to 30 percent of the N15 trillion consortium it announced recently to boost infrastructure development in Nigeria. Speaking today at the Sectoral Virtual Forum 2020, organized by the Association of Telecom Companies of Nigeria (ATCON), Nnamani said it would ill-advised for the apex bank to concentrate the entire N15 trillion support fund on building transportation infrastructure,…

Read more