Tinubu Cracks ₦3 Trillion Airtime Lending Monopoly to Boost Local Tech Firms

For over a decade, Optasia (formerly Channel VAS) held exclusive control of Nigeria’s ₦3 trillion airtime credit and data advance market. Following recommendations from the Federal Competition and Consumer Protection Commission, President Tinubu approved reforms to end this long-standing monopoly and open the sector to indigenous fintech companies. Nine Nigerian technology firms are now set to enter the market alongside Optasia. Observers believe increased competition will drive innovation, create jobs, deepen financial inclusion, and keep more value within Nigeria’s economy. I believe this policy shift shows what we can achieve when local capacity is prioritised over negativity.

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