Airtel CEO: Tinubu’s FX Policy Making Planning Easier

•Reveals network provider planning to build best data centre in Nigeria

Deji Elumoye in Abuja

The Chief Executive Officer of Airtel Africa, Segun Ogunsanya, has declared that President Bola Tinubu government’s foreign exchange (FX) policy has made planning easier for businesses in the country.

He also revealed that the network provider’s planned data center would be one of the largest data center in Africa; and would serve all the multinationals in the country.

The Airtel boss made this known while speaking with newsmen after meeting with the President at the State House, Abuja, yesterday.

Commenting on the President’s policy since he took over power on May 29, 2023, Ogunsanya said, “we had massive issues with liquidity FX; we still have some issues with FX liquidity, but at least slightly more predictable than it was a couple of months ago. It makes it easier for us to do better planning.

“We’re not out of the woods yet, but we can see light at the end of the tunnel.”

The Airtel chief, who said he was billed to retire in six months, also stated that his company was planning to set up a data center in the country.

According to him, “The data center will be one of the largest data center in Africa; it is going to serve all the multinationals in the country.

“So it’s going to serve some of the Foreign countries. Certainly it is going to be one of the largest in Africa.

“Though Airtel is yet to do final budgeting but we’ve got the land; we’ve got the consultants, and we’re going to break ground very soon.”

Asked what Tinubu told him during the meeting, he said, “the President said Nigerians should expect the best from this government.”

On the challenges facing the company, Ogunsanya said, “there are some challenges we are working on. What I think, there is going to be light at the end of the tunnel.”