By our Correspondent
President Bola Tinubu has announced that, over the last three years of his administration, decisive actions have been taken to deepen telecom access and boost investment in Nigeria’s telecommunications sector.
Speaking on Friday in a speech marking the third anniversary of his administration, President Tinubu noted that after years of severe operational pressures and declining investment, confidence is gradually returning to the sector. He emphasized that telecom operators are now improving their networks, investing heavily in infrastructure expansion, widening access, and creating employment opportunities for Nigerian talent.
President Tinubu reaffirmed that telecommunications remains one of the most important drivers of modern economic growth.
“A connected Nigeria is a more competitive Nigeria. Digital infrastructure is now essential to commerce, education, innovation, and national productivity,” he added.
Meanwhile, the Q1 2026 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) shows that the Telecommunications and Information Services sector grew by 12.24 percent in real terms year-on-year during the period.
According to the NBS, the sector’s improvement—from the 4.04 percent growth recorded in Q1 2024 to 7.82 percent in Q1 2025—represents a significant performance and a tremendous achievement.
Experts note that over the last three years, the sector has recorded its strongest real GDP growth, positioning it as the nation’s most resilient economic engine, even amid turbulent macroeconomic pressures. (GSF)
