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How Gbajabiamila Saved Nigeria’s Telecoms From Pantami’s Strange Bill

Published

3 years ago

June 14, 2023

Editor

Fresh facts emerged, yesterday, on how former speaker of the House of Representatives and current Chief of Staff to the President, Femi Gbajabiamila, saved the telecom industry from a bill pushed to the 9th Assembly by former Minister of Communications and Digital Economy, Isa Pantami.

Pantami, who exerted so much influence under the Muhammadu Buhari’s administration, had wanted to repeal the National Information Technology Development Agency Act 28 (2007) and enact a new law to provide for the administration, implementation, regulation of information technology systems and practices as well as digital economy in Nigeria and for other related matters.

The bill sought to change the Nigerian Information Technology Development Agency, NITDA, into a full blown regulatory agency and subsume the regulatory powers of the Nigerian Communications Commission, NCC, and the Nigerian Communications Act 2003 in it.

Vanguard learned that Pantami had secretly forwarded the bill to the National Assembly and was hurriedly passed by the Senate on May 16, 2023, in a bid to secure presidential assent before the May 29 expiration of the tenure of President Buhari.

It was learned that the bill, however, ran into a brickwall in the House of Representatives where Pantami could not effectively push his way through.

Investigation revealed that hours after the Senate passed the bill, it was pushed to the House of Representatives for concurrence and subsequently smuggled into the Order Paper for debate, even when it was not originally scheduled to be debated.

The inclusion of the bill in the Order Paper was said to have infuriated the speaker, Gbajabiamila, who handed a warning to the Clerk of the House that he didn’t want the bill in the Order Paper of the House again, because of the manner it was smuggled in.

That pronouncement by the speaker was said to be the masterstroke that finally killed the bill and saved Nigeria from potential embarrassment and loss of investor confidence in the telecom industry, considered to be the best performing sector in the country since the return to democracy in 1999.

Some stakeholders averred that had the bill been passed, it would have subsumed some functions and powers of the NCC, the authorised Nigeria telecoms regulator, which has been variously adjudged the best telecom regulator in Africa and one of the best in the world.

They also noted that the bill would have equally subsumed the technical department of the Ministry of Science and Technology, the engineering directorate of the National Broadcasting Commission, NBC, and yielded control of Galaxy Backbone to NITDA to make it super regulator.

Further checks revealed that to smoothen the journey of the Bill through the National Assembly, Pantami found an ally in the then Chairman of the Senate Committee on Information Communications Technology, ICT, Senator Yakubu Oseni.

It was gathered that Pantami carefully avoided going through the Senate Committee on Communications headed by Senator Oluremi Tinubu for fear that the committee would shut down the bill.

Senator Tinubu, who was known to be vocal in defending the telecom sector and its stakeholders, including investors and consumers, according to industry sources, would have declared the Pantami bill dead on arrival had it passed through her committee.

To push the bill through, Senator Oseni was said to have convoked a public hearing on the bill by the joint committee of the Senate and Reps on ICT for December 23, 2022, the day the National Assembly went on Christmas break.

The ploy, Vanguard gathered, was to ensure that only few members of the joint committee attended to ‘validate’ the bill as packaged by Pantami and passed down as an executive bill.
VANGUARD

Related Topics:Femi Gbajabiamila Pantami

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

50 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.