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Modernizing telecommunications: Nigeria to invest $1 billion

26/05/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Nigeria plans to invest $1 billion to modernize its telecommunications infrastructure, with improved services expected by the third quarter of 2025.

Nigeria's investment is described by the Minister of Communications and Digital Economy, Bosun Tijani as one of the largest in the country's telecommunications history. It states that it will finance the purchase of network equipment from original equipment manufacturers. Deliveries are expected to start in July. This initiative follows a 50% increase in telecom rates approved in February 2025, the first in over ten years, which should help operators reinvest after years of rising operating costs. One of the main areas for investment is the expansion of 4G and 5G networks in underserved rural areas and densely populated urban centers. The growing demand for data, especially that of Internet voice applications like WhatsApp, is putting increasing pressure on existing infrastructure. Extending the network should reduce congestion and provide faster connectivity.

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