Telecom entrepreneurs raise concerns over borrow-me-credit scheme

The association, representing Nigerian businesses in the airtime distribution sector, expressed worries about the ownership structure of businesses providing the service, the exclusion of Nigerian banks and credit lending institutions, and the exclusive partnerships between top telecom operators and a single operator.

“We are seeking clarity on these matters to ensure that the borrow-me-credit scheme benefits Nigerian consumers, businesses, and the economy,” said a spokesperson for the association.

Key concerns raised by the association include: