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Mike Adenuga And The GSM License Bid Of 2001.

During the GSM license bid round in 2001, there was an attempt to muscle out Chief Mike Adenuga. The then executive chairman of the Nigerian Communications Commission (NCC) , Dr. Ernest Ndukwe, was very fair and transparent in the manner he handled the exercise.

However, powerful forces within the Olusegun Obasanjo administration were bent on frustrating Adenuga from securing a telecoms license. Allegedly, the former president Olusegun Obasanjo, had personal issues with Adenuga.

Nevertheless, Adenuga a dogged fighter refused to give up, and eventually secured the license in August 2003. He then changed the game with Glo’s per second billing, which the more established companies like MTN and Econet ( now Airtel), had said was impossible, but were then forced to adopt.

Despite Adenuga’s Initial disadvantage, of having to operate in the same space with MTN and Econet, with their head starts in Nigeria and elsewhere, as well as their experience in the sector, he has built a solid company that is a clear leader in Nigeria. Glo also has footprints outside Nigeria.

Although Adenuga has a foothold in the banking and oil industry, it is the telecoms sector ( where he was almost denied) that his company flies the flag of Nigeria - a source of pride to all Nigerians.

Also, the massive support that Glo has given to Nigeria’s domestic sports and the entertainment industry, is the kind that can only be offered by someone with a true commitment to his country.

Many big men in Nigeria, like to obtain these special license and permits in order to sell them. Many prefer to be commission agents and middle men who add little or no value to the economy. That is why Nigeria has so many idle billionaires with no source of livelihood.

Most of them employ no more than domestic staff, who minister to their personal indulgence and their pampered families.

However, with Glo, Adenuga took a big gamble that has paid off for him. In the process, he has also taught us numerous lessons about the depth of the Nigerian economy and the resilience of its citizens.

Content created and supplied by: FrankChukwu (via Opera News )

Ernest Ndukwe GSM Mike Adenuga Nigerian Communications Commission Olusegun Obasanjo


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