5G rollout raises telecom foreign investment by 129%

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Fifth-generation technology rollout and investment in communication infrastructure increased foreign investments into the telecommunication sector by 129.21 per cent in the first 11 months of 2022, according to capital importation data from the Central Bank of Nigeria.

According to telecom experts, 5G is expected to headline network investment and drive foreign investment into the sector. In recent years, foreign investments have reduced in Nigeria due to a myriad of factors. Despite this, experts say the profit margins and growth recorded in the communications sector will continue to drive growth.

“The rollout of 5G is driving investments, which are coming from abroad. The purchase of 5G investment is also driving growth.”

 

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Maka I de manage my 3G network

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