In a strategic move to bolster Nigeria’s economic progress, President Bola Tinubu affirmed his administration’s readiness to adopt successful international models, emphasizing that there is no shame in emulating practices that work. Speaking at the Presidential Villa in Abuja during a meeting with an Airtel delegation led by Chairman Sunil Bharti Mittal, the President outlined plans to review the regulatory framework for the telecoms sector to ensure it aligns with global best practices, with particular attention to protecting critical infrastructure such as fiber optic and undersea cables.
During the session, President Tinubu expressed gratitude for the open and constructive dialogue with the delegation. “We are prepared to learn and are not ashamed of copying what is working in other climes,” he said, underscoring the need for innovative strategies that benefit both businesses and the nation. He also highlighted ongoing tax reforms designed to create a more favorable investment climate, pledging to collaborate closely with tax administrators to foster growth and unlock new opportunities for economic development.
Bosun Tijani, the Minister of Communication, Innovation, and Digital Economy, lauded the President’s proactive approach. He pointed out that the recent approval to protect key telecom assets was already being enforced by the Office of the National Security Adviser, a move expected to stimulate further growth in the sector.
The discussion also drew comparisons with India’s economic transformation during the early 1990s. Sunil Bharti Mittal recalled a time when India, facing significant economic challenges, embarked on a series of bold reforms—including floating the currency and easing regulatory burdens—that ultimately propelled the country into becoming one of the world’s largest economies. He commended President Tinubu for undertaking similarly decisive measures, particularly the controversial removal of petrol subsidies, noting that such steps, although difficult, were essential for long-term progress.
Mittal expressed confidence that these reforms would not only stabilize the economy but also cement President Tinubu’s legacy as a transformative leader. “Your first term as President will mark a watershed in the development of your country,” he remarked, recognizing the resilience and strategic vision required to navigate challenging economic conditions.
The meeting underscored a shared commitment between the Nigerian government and industry leaders to drive sustainable growth through strategic reforms, enhanced infrastructure protection, and a willingness to learn from successful global practices.
