Business

Oronsaye report: FG may soon sell majority shares in NigComSat

The Federal Government may soon put up for sale its majority shares in the country’s satellite company, Nigeria Communications Satellite Limited (NIgComSat).


This is coming on the heels of Monday’s approval of the implementation of the Oronsaye report by the Federal Executive Council (FEC).


According to the report’s Whitepaper, the recommendation for the sale of NigComSat was one of the few accepted by the government among several others affecting agencies and parastatals under the Ministry of Communications.