Foreign investment in Nigeria’s telecom sector falls by 85%

Foreign investment in Nigeria’s telecom sector falls by 85%

Ife Ogunfuwa Foreign Direct Investment into Nigeria’s telecommunications industry has continued to dwindle with the sector recording its lowest third quarter investment in the past three years. The 2017 third quarter capital importation report showed that the sector recorded $33.43m investment, indicating a 85.7 per cent depreciation year-on-year. Quarter-on-quarter, the telecommunications investment declined by 80.8 […]
Source: Foreign investment in Nigeria’s telecom sector falls by 85%

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