Obasanjo: My officials were trying to sell GSM license for $3m before I auctioned it for $280m

The former president who noted that with the right mindset and policies, any country would attract growth and investments said that his administration thrived on the investments from the telecommunications sector. He recalled recalled the early days when Nigeria’s telecommunications industry was in its infancy when millions of dollars were spent on infrastructure but only managed to achieve 500,000 lines. ‘’People had to queue at telephone kiosks to make calls. It was a far cry from the seamless communication we enjoy today but then came the mobile telephone revolution.