“NITEL, MTEL To Employ 10,000 Nigerians” – NATCOM

The Nigerian Telecommunications Limited, NITEL, and its mobile subsidiary, MTEL,are to employ 10,000 Nigerians, the House of Representatives Standing Committee on Communications has been informed.

The new owners of the once state-owned telecommunications giant, NATCOM, which is a consortium of seven local and foreign companies, revealed this at an investigative public hearing by the committee over the weekend in Abuja.

NATCOM chairman, Olatunde Ayeni, had told the House committee that having met all requirements and due diligence in the process leading to the acquisitions of NITEL and MTEL, the company has put in place a programme of resuscitating the two ailing telecoms companies.

Ayeni said efforts were ongoing at overhauling the entire cable system while 10,000 Nigerians would be employed to set the companies on the part of competition with other players in the market.

While expressing satisfaction with NATCOM and its work-plan, the Hon. Saheed Fijabi-led committee directed both the Bureau of Public Enterprise (BPE) and the Nigerian Communications Commission (NCC) to meet and discuss the sale of the two national telecoms firms.

The parley according to the committee, was to review the commercial and technical areas of the sale as they affect the telecommunications regulatory body and the BPE.

The committee particularly expressed its concern over the settlement of the indebtedness of NITEL by its new owner, NATCOM.