The telecommunication sector attracted $191.5 million in Foreign Direct Investment in the first quarter of 2024.
Recall that Nigeria’s $76 billion telecoms sector has been turbulent in the last few years owing to various challenges plaguing it. The increase in capital importation to the telecoms sector may have come as a boost to the country’s ambition to connect at least 70 per cent of its population to broadband by 2025.
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