Telecoms attracts $70b investments
Total investments into the telecoms sector currently stands at $70 billion, the Nigerian Communications Commission (NCC) said yesterday in Lagos.
Speaking at the maiden edition of Nigerian Telecom Leadership Summit at Eko Hotel, its Executive Vice Chairman/CEO, Prof Garba Dambatta, said aside this massive investment, the sector contributed 9.85 per cent to the Gross Domestic Product (GDP) in Q4 of last year while in cash terms, it contributed N1.9trilion during the period under review.
Nigeria, he said, has more than 63 million subscription on broadband while in the voice segment, there’s173million lines as at March this year which translates to 91 per cent teledensity…
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