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Foreign Investment In Telecom Drops To $417.4m As Revenue Hit N2.9trn

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The Nigerian Communications Commission (NCC) has shown that capital inflow or Foreign Direct Investment (FDI) into the Nigerian telecommunications sector if

According to the report, subscriber numbers increased from 184,699,409 subscribers in 2019 to 204,601,313 active voice subscriptions as at December 2020 with an increase 19,901,904 subscriptions. This represents about 10.78 per cent increase in total subscription within the period under consideration.

On telecom infrastructure deployed within the corresponding period, a total of 32,939 towers were recorded from mobile and collocation and infrastructure companies with a total number of 36,998 Base Stations. The Mobile Fixed and Other Operators recorded a total of number 194 Gateways in use in the industry as at December 2020. Fiber optics deployment stood at 104,586.34 km as at December 2020.

Analysis of towers across the states showed that the top five states with highest number of towers were Lagos , Ogun , Oyo , Rivers , FCT and Edo while the states with the least number of base stations were: Jigawa , Ebonyi , Gombe , Yobe and Zamfara respectively.

 

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