The recent approval of a national broadband policy by President Goodluck Jonathan has opened the door for further investments in Nigeria’s vibrant telecommunications industry and may have a direct revenue impact of N600 billion by 2016, experts have said.
Private investment, including Foreign Direct Investments (FDIs) in Nigeria’s telecoms sector had increased by 38.8 percent in three years. The industry’s FDI, which stood at $18 billion in 2009, grew significantly to reach $25 billion in 2012. Expectations are that with the new policy, this figure would increase over the next three years. “The new policy will encourage further investments in the telecoms industry.
New broadband policy may earn Nigeria N600bn
Private investment, including Foreign Direct Investments (FDIs) in Nigeria’s telecoms sector had increased by 38.8 percent in three years. The industry’s FDI, which stood at $18 billion in 2009, grew significantly to reach $25 billion in 2012. Expectations are that with the new policy, this figure would increase over the next three years. “The new policy will encourage further investments in the telecoms industry.
New broadband policy may earn Nigeria N600bn
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