According to the latest official statistics, the Nigerian telecom sector has 223.2 million mobile telephone subscribers and 162.06 million mobile Internet service subscribers.

The telecom sector attracted $456.8 million in foreign direct investment in 2022 in Nigeria. According to the latest data from the National Bureau of Statistics (NBS), in 2023, the sector attracted $134.75 million in foreign direct investment (FDI). According to the data, this decrease comes in a context of a general decline in foreign direct investment throughout économie Nigeria, a trend that began with the outbreak of the Coronavirus (Covid-19) pandemic in 2020 and which has worsened erased with the start of the war in Ukraine. Thus, the total amount of foreign investment in Nigeria increased from $5.3 billion in 2022 to $3.9 billion in 2023. The drop in foreign direct investment is slowing the digital transformation ambitions of the Nigerian government, which is seeking to raise funds to finance the strengthening of the national digital infrastructure, among other things