Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said one of the four biggest telecommunication companies in Nigeria, former Etisalat now 9Mobile, remains strong with a solid revenue base.
Emefiele spoke while fielding questions from reporters at the end of the Monetary Policy Committee (MPC) meeting of the CBN yesterday in Abuja.
According to him, the Nigeria Communications Commission (NCC), supported by the CBN intervened in the company because of its huge contribution to the nation?s economy.
?Etisalat (9Mobile) employs more than 4,000 workers, with about 20 million subscribers nationwide,?? Emefiele said.
The CBN governor said the apex bank and NCC could not allow the company to go down because of the negative impact on jobs, which was capable of impacting on the economy.
While expressing delight in the indication of interests by some potential investors in the rescue of the communications company, Emefiele said that the interventions were temporal.
?The intervention is temporal, it should not last more than 90 to180 days. I am gratified that potential investors are taking part,?? Emefiele said.