The Chairman, senate committee on ICT and cybercrime, Senator Abdulfatai Buhari has said that the existing law on communication in Nigeria is not strong enough to generate adequate revenue for the economic development of the nation.
The Senator, while fielding questions from journalists in Ogbomoso, Oyo State, lamented that the communication sector was generating about five percent of the total income to the nation’s revenue, which he said was very poor.
“Our law is not forceful and impactful enough. Take for instance MTN, Zain, Etisalat, Glo and all the telecom service providers, they are not using our satellite on the excuses that we only have one but they make profit in Nigeria and use it to develop the economy of other country. That is capital flight, we will stop it.”
Buhari disclosed further that the National Assembly was looking at the issue with the hope of reviewing the existing law and making necessary recommendation and amendment to effect economic prosperity of the nation.
“The Senate president, Dr. Bukola Saraki told us recently to sit up within the telecommunication sector and call the stakeholders, to get their own input for us to bring a bill into the National Assembly that will compel the service providers to patronise us instead of sending our country’s money to boost another country’s economy,” he said.
Speaking on the state of the nation, Dr Buhari, who represents Oyo North Senatorial district in the upper legislative chamber, urged Nigerians to be patient with the President Buhari-led administration with an assurance that there will be light at the end of the tunnel.