Tinubu directs FCCPC to dismantle monopoly of South Africans firm in Nigeria’s airtime, data lending

President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission, FCCPC, to dismantle the 12-year monopoly allegedly enjoyed by South African exertion steadfast Optasia successful Nigeria’s airtime recognition lending and information beforehand market. 

The directive, if carried retired successfully, would unlock the assemblage for an estimated N3 trillion yearly revenue.

The determination follows a elaborate briefing by the FCCPC, DAILY POST gathered at the weekend. 

During the briefing, the Commission warned the presidency that Optasia’s long-standing dominance of the marketplace had encouraged monolithic superior flight, with profits moving into trillions of naira, being transferred retired of Nigeria each twelvemonth portion generating constricted economical worth locally.

Sources acquainted with the substance claimed the presidency was persuaded by the commission’s presumption that opening the assemblage to contention would streng...