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The Nigerian government has moved to end the planned suspension of the Unstructured Supplementary Service Data (USSD) by the Mobile Network Operators (MNOs) over unpaid N42 billion debt by banks.
In Abuja, the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, presided over a high-level meeting of stakeholders from the Central Bank of Nigeria, the Nigerian Communications Commission (NCC), MNOs and the financial services providers (FSPs) including banks to end the tension over USSD.
The Association of Licensed Telecommunications Operators of Nigeria (ALTON), the umbrella body for telecom operators said over the weekend that its members will be implementing “a phased process of withdrawal of USSD services, starting with the most significant debtors within the FSPs effective Monday March 15, 2021.
But a concerned Ministry of Communications and Digital Economy had immediately asked the MNOs to hold their guns and allow government resolve the issues.
Suspension of of USSD services by MNOs will automatically unplug millions of banking customers from electronic transactions platforms of several financial service providers including banks. Â
