The Central Bank of Nigeria (CBN), yesterday, lambasted telecommunication operators in the country over poor services, saying there was need for them to invest more in their facilities given the huge money they earned from Nigerians.He also criticized the use of dollar as a second national currency for the country.

The apex bank also advocated the need for banks to establish consumer protection units as part of measures to address some of the challenges of its cashless initiative.

The CBN called on banks to lend to the real and agric sectors of the economy, while allowing the capital market to play its role of providing long term funds, saying there was a mismatch of funding in the Nigerian financial system. According to the bank, this does not augur well for the growth and development of the economy.

Governor of CBN, Lamido Sanusi, who stated this at the 2012 forum of Bank Directors Association of Nigeria (BDAN) in Lagos, said: “ If I was the regulator of the telecom industry I would not renew the licenses of telecommunication operators because of their poor services until they were able to invest more on their facilities. These operators are making much money from Nigerians and are giving us poor services. It should not be allowed to continue in this way. There should be condition of guarantees in terms of their services if their licenses should be renewed.”

http://www.vanguardngr.com/2012/11/cbn-lambasts-telecom-operators-over-poor-services/

and so

euwajeh: Our telecom industry is a disgrace to the nation

Not the telecom industry,Nigeria system

Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

.

Kunlebabs375: He also criticised the use of dollar as a second national currency for the country.

http://www.vanguardngr.com/2012/11/cbn-lambasts-telecom-operators-over-poor-services/

The use of dollar as second national currency is the fault of the government.
I could remember in Obj's regime there were some ministers who were paid in $.
Government should come up with a policy stating that all INTRAnational transactions should be in Naira;be it salaries,wages,contracts etc. Just for the health of our currency.
Let only international transaction be made in dollar, this will reduce the strength of dollar to naira due to demand for $.



As for telecoms, CBN should know that the industry is not within her control.

That's right

It is not new everybody has been 'lambasting' them and nothing as changed.

Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

Hypocrites ... i know sey e dey pain una no be small...

The only man that continually stands up and says it as it is ... na ABOKI

How many of our so called christian brothers dey talk tru. Wether you like it or not, Sanusi no dey fear oooh !!

We need to start supporting men that openly fight for our social rights.

No more christian and muslim.... let men prove themselves by their actions.

NO MORE CHRISTIAN AND MUSLIM OR IBO OR YORUBA OR HAUSA....

Sanusi as the head of the apex bank knows so well that the nation is in a complete state of disarray and telecom operators can do whatever they wish.He should reflect back on what Fidel Castro once said"in a state of lawlessness,it is illegal to be law abiding".

Well to some extend he is right. Dear governor have you thought of the poor infrastructural facilities,security challenges faced by these operators.have you bother to ask why the quality of service in nigeria is different from other countries and why Ncc has been adamant to consumers plight.abeg governor the blame should be address to the regulatory authorities for been sluggish and the operators.

Who own the telecom companies??

everystep87: Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

I wonder wetn concern dem with the matter,joblessness i call it

gunuvi: Who own the telecom companies??

What sort of daft question is this?
'Who own' what?!

gunuvi: Who own the telecom companies??

What sort of daft question is this?
'Who own' what?!

why are you jump all round Mr. Governor CBN you are suppose to face the banking sector and let NCC handle telecomms, I knew you will lost your agenda of introducing that N5,000 note.

everystep87: Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

Seconded

Kunlebabs375:
Governor of CBN, Lamido Sanusi, stated:"[b]If was the regulator of the telecom industry [/b]I would not renew the licenses of telecommunication operators because of their poor services until they were able to invest more on their facilities.

http://www.vanguardngr.com/2012/11/cbn-lambasts-telecom-operators-over-poor-services/

Does this mean that banks and fin institutes that SLS regulates are not rendering below standard services?

Love_Decay:

Hypocrites ... i know sey e dey pain una no be small...

The only man that continually stands up and says it as it is ... na ABOKI

How many of our so called christian brothers dey talk tru. Wether you like it or not, Sanusi no dey fear oooh !!

We need to start supporting men that openly fight for our social rights.

No more christian and muslim.... let men prove themselves by their actions.

NO MORE CHRISTIAN AND MUSLIM OR IBO OR YORUBA OR HAUSA....

before this daft post of yours, where in the thread was the term 'muslim' or 'aboki' used?

sometimesit is best to read a thread and move on because if u go through nl cooments, u might end vommiting. am trying to find what is wrong with wat sanusi said, none. how do we expect cashless banking systen to work if the telecom services are bad? i guess the message isnt the prblm, rather sanusi is, is ok.

everystep87: Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

Emmm bros that should lives not what u wrote..remember we are talking about humans here not trees.

mehn i follow Lamido talk am oooooo

very poor services we're getting from this crappy telcos

everystep87: Wetin concern AGBERO with overload. Make CBN clean her yanh and do proper bank reform and stop to dey put mouth for another person matter.

He that leaves in a glass house dont throw stones.

CBN use Telecomm Operators network for their IT systems and these companies charge them heavily, moreover it's part of the signed SLA between both organisations...

Table Leg :

What sort of daft question is this?
'Who own' what?!
What sort of daft question is this?
'Who own' what?!

Abi na, no be Sanusi and his fellow corrupt politicians owned majority of shares of the telecom industries?

see kettle calling pot black.....mr goffnor face the one way concern you 1st....
rubbish

E.G mtn

Some of you should just shut your trap. I don't like this Sanusi guy but what he has said here is on point! These telecom guys should step up or step aside. They are irritating. Their Internet service is scam. Average of 6k for 3GB data is ridiculous in 2012. And their epileptic services are a disgrace.

I think the guy should put his house in order. How else do u explain a man living in glass house and throwing stones. I think he just submitted his curriculum vitea for a ministerial job after his tenure as CBN governor. Skunk!

Why is he getting involve in Telecom issue, has people started doing 2/3 jobs in Nigeria?

Na wa oo, I beg sort out CBN and all banking issue first....busy body.

Telecom regulators where are you before sanusi take your JOB oo.

This is the case of kettle calling pot black. He shd remove the dirt in his eyes 1st.