5G Boost Nigeria's Telecoms Foreign Investment By 325%

Increased 5G rollout and 4G expansion improved foreign investments into the telecommunications sector by 325.12 per cent in 2022. <br />The capital importation data from the National Bureau of Statistics showed that telecoms attracted $456.82m in 2022, compared to $107.46m that was attracted in 2021. <br />The NBS says that disaggregated by sectors, capital importation into the production sector recorded the highest inflow of $392.54m, representing 37.01 per cent of total capital imported in Q4 2022. <br />