Telecoms Infrastructure: Nigeria Seeks $6b Investment Deal

The Federal Government of Nigeria has announced plan to secure a $6 billion investment to promote efficient telecommunication services across the country.

The investment, according to the Minister of Communications Technology, Omobola Johnson, would be done through major telecommunications service providers before the end of the year. According to her, out of the $6 billion, $3 billion was part of the syndicate loan facility extended to major operators in the market.

Mrs. Johnson made the disclosure in Abuja, while addressing the media during the ministry’s mid-term review of the present administration.