FCCPC Moves to Break Foreign Airtime Lending Monopoly

For 12 years, Optasia’s Nigerian arm, Nairtime, has held exclusive control over Nigeria’s airtime and data lending market. Few knew an entity with over ₦400 billion in annual turnover dominated this space. President Tinubu has directed the Federal Competition and Consumer Protection Commission to end these exclusivity deals. The aim is to open the sector to innovative local fintechs and enforce fair competition under the Nigeria First policy. Opening the market will create jobs, strengthen the domestic fintech ecosystem and stem capital flight. Local startups will gain data-sharing rights and regulatory protection previously denied. Foreign operators like Optasia must comply with Nigerian law. Regulators should resist pressure and uphold consumer interests through transparent enforcement of competition rules.

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