Telecoms investment tops USD18 billion

12 Oct 2009

The Nigerian Communications Commission (NCC) has announced that telecoms investment in the country in the last eight years has exceeded USD18 billion, reports local daily THISDAY. Foreign direct investment makes up around USD12 billion of the total figure. Chief executive of the NCC, Ernest Ndukwe, said the level of investment can be attributed to ‘a predictive regulatory environment and supportive government for a deregulated telecoms industry,’ adding that the regulator is keen on attracting further investment to expand broadband internet services across the country. The report also states that the NCC is shifting regulatory emphasis from licensing operators to monitoring and improving quality of services and affordability for end users.



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