Telecoms Investments in Nigeria Grow to $77bn

The Executive Vice-Chairman, of the Nigerian Communications Commission, Prof. Umar Danbatta says that telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023

Danbatta revealed that the sector had contributed 16 per cent to the nation’s Gross Domestic Product within the period under review.

He says that the statistics by the NCC were based on the computation by the Nigeria Bureau of Statistics.

He, however, attributed the success to thorough sustained regulatory excellence and operational efficiency by the commission adding that the industry has grown in leaps and bounds over the past two decades.