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Buhari Gives Marching Order To Ministry Of Communications To Generate Revenue, Dissolves Assets Management Team

President Muhammadu Buhari
President Muhammadu Buhari

President Muhammadu Buhari has directed the Ministry of Communications Technology to work harder to fully develop the revenue-generation potential of Nigeria’s information technology sector even as he dissolved the Executive Management Team of the Assets Management Corporation of Nigeria (AMCON).
Speaking today after receiving a briefing from the Permanent Secretary in the Ministry, Dr. Tunji Olaopa, President Buhari  also directed the Ministry to bring forward for his consideration and approval, all pending proposals for the development of the country’s IT sector which require the approval of the Federal Executive Council.
“Where you don’t need EXCO approval and you are not in breach of the law and will not lose money, you can go ahead. Now that oil costs less and we are contending with its theft, we have to move to areas where we can realize revenue quickly,” the President said.
President Buhari welcomed the plan by the Ministry to use post-offices across the country for IT and financial transactions, especially in the rural communities, saying that he was happy to hear that “we are recovering the post offices from rats and rodents.”
The President also asked for a comprehensive report on the sale of the Nigerian Telecommunications Company (NITEL), and that he was concerned by the continuing protests of former NITEL employees and other Nigerians over the manner in which assets of the company were sold.
The Ministry’s presentation to the President dwelled heavily on the potential of the IT sector which, Dr. Olaopa said, contributes 10 percent of the country’s Gross Domestic Product (GDP), but could grow to 20 percent if some proposals by the Ministry are approved and implemented
Meanwhile, the President approved the reconstitution of the management team of the corporation of the Assets Management Team, with the Group Managing Director of Enterprise Bank Limited, Ahmed Lawan Kuru as its Managing Director.
Other members of the team are Kola Ayeye, Eberechukwu Uneze and Aminu Ismail as Executive Directors.
The new Managing Director and his team, whose appointment took effect from today, according to a statement by senior special assistant to President Muhammadu Buhari on media and publicity, Garba Shehu, started his banking career with the old Habib Bank in 1985 and rose through the ranks to become an Executive Director of Bank PHB (now Keystone Bank) in 2005. [myad]