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“Telecoms Investment To Leap Beyond $32bn” – NCC

The Nigerian Communications Commission have predicted a much more significant growth in the volume of investments in the nation’s telecommunications industry, surpassing the current investment volume of $32bn so far recorded in the sector.

Mr. Peter Igho, Chairman, Board of NCC, disclosed this in an interview last weekend.

Igho said: “As at May, 2014, we have recorded additional $7bn investment in the last two years. So, we see investment in the industry growing significantly beyond what we current have, though, I may not be able to give you any specific figure.”

In the same vein, the Executive Vice Chairman of the NCC, Dr. Eugene Juwah, had recently disclosed in an interview that local and Foreign Direct Investment, FDIs, into the Nigeria’s telecommunication sector had increased from $25bn to hit a record $32bn.

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