It's no longer news that Etisalat is backing out from Nigeria after CBN in collaboration with some banks took over the company.

Am not a marketer or something, but I don't want to be sentimental. The truth is ETISALAT NIGERIA GOT LOAN FROM THE BANK WHEN EXCHANGE RATE WAS FAVORABLE, WHEN NIGERIA WAS TOGETHER. HOPING TO PAY BACK AT THE SAME RATE. but looking at how the exchange rate has skyrocketed, one would know that it's wouldn't be the same for Etisalat Nigeria the exchange rate is now twice of the amount it was when the acquired the loan. Meaning that the would be paying twice the amount they loaned INTEREST NOT INCLUDED this is cruelty at its peak.

I think the federal government should just step into this before Nigeria looses all its potential investors.


Cc lalasticlala, seun