Nigeria's Telecom Industry at a Crossroads

Despite a ban in several countries, a 'harmful' weight gain product is sold indiscriminately in Nigeria. Nigeria's only open defecation-free state struggles with human feces. The simple reality for our industry is that investment drives growth. If costs exceed revenue generation, then it becomes questionable whether the funds that need to be reinvested into the network every year will continue to be available.

Over the last decade, the tariffs that you pay for telecom services have not changed, yet over that time, operating expenses in the sector have increased by more than 300 per cent. That equation is simply unsustainable for any industry, but even more so for a capital-intensive sector like telecoms. If you look closely at the financials of a telecoms company, you will see that in order to maintain standards, delivery service quality and invest in new technology operators have to make continued and significant capital investments. Nigeria’s telecoms industry, and the digital economy that has developed around it, are at a fundamental inflection point. The decisions that we make now will determine whether the growth and development of our digital economy continues on a sustainable trajectory, or whether the connectivity infrastructure that drives it begins to degrade. The scope, breadth and sophistication of Nigeria’s telecoms industry today is a shining example of what can happen when a country combines the right policy and regulatory environment, with the right market opportunity. Since the first call was made in 2001, Nigeria’s telecoms sector has evolved into one of the largest and most sophisticated in the world, meeting the growing needs of Nigerian consumers and employing millions of people

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria’s maritime industry can contribute $44 billion annually — NIMENAThe national chairman of the Nigerian Institution of Marine Engineers and Naval Architects, NIMENA, Dr Daniel Tamunodukobipi, has stated that Nigeria’s maritime industry holds the potential to contribute an impressive $44 billion annually to the country’s Gross Domestic Product.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Nigeria's Aviation Industry: A Plea for Reform and AccountabilityThis article highlights the urgent need for reform and accountability within Nigeria's aviation industry. It criticizes the current Minister of Aviation for failing to address administrative errors and ensure safety standards, drawing parallels to the industry's past struggles with safety concerns and the devastating Sosoliso plane crash.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Tinubu Scraps Sports Ministry, Impact on Nigeria's Booming Sports Betting Industry UncertainPresident Tinubu's decision to dissolve the Ministry of Sports Development in Nigeria raises questions about the future of the country's rapidly expanding sports betting sector. The move aims to shift focus to grassroots development and private sector involvement in sports administration.
Source: thecableng - 🏆 2. / 80 Read more »

Nigeria's Poultry Industry: Ready for Global ExpansionNigeria's poultry industry has made significant strides in meeting domestic demand and achieving international quality standards. The next step is to tap into the export market, leveraging its competitive advantage and compliance with global food safety regulations.
Source: thecableng - 🏆 2. / 80 Read more »