Investments in Nigeria’s telecoms sector hit $40billion

Nigeria’s Bureau of Public Enterprises (BPE) has revealed investments in the nation’s telecoms sector has reached US$40 billion (about NGN6.4 trillion). This was announced by BPE’s Director-General Benjamin Dikki.

Dikki said the deregulation of the country’s telecoms sector coupled with the participation of MTN, Glo, Airtel, Etisalat and Visafone are some of the country’s achievements in the sector.

According to Guardian 

The BPE DG said Nigeria currently has more than 123 million active telephone lines compared to 450,000 lines before the reform.

“The sector now employs over One million Nigerians and has attracted over $40 billion in investments”, he said. ”