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MTN rejects official’s devaluation comment


MTN Nigeriahas distanced itself from comments credited to its Chief Financial Officer, Mr Andrew Bing on devaluation of Nigeria’s currency.

Bing was quoted recently in an interview to have made case for further devaluation of the naira to allow for a robust Nigerian economy.

He was also reported to have commented that the regulatory environment was too tough and that the telecom companies are paying too much in terms of fees and taxes which ultimately have to be passed to the subscribers

But giving more clarification on the issue General Manager, Corporate Communications Funmi Onajide said that the comments were personal opinions of Mr Bing and do not reflect the position of MTN as a corporate entity.

According to Onajide, “Mr. Bing is not the spokesperson for MTN Nigeria and he expressed his own personal views on the telecommunications industry and the Nigerian  economy.

They are not the views of MTN Nigeria. We understand that Mr. Bing expressed these views in an informal discussion. MTN Nigeria is committed to the socio-economic growth of Nigeria and we are unwavering in our support for a virile economy and stable society.”


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