To resolve the persistent poor network quality, increase the speed of internet connectivity, expand digital inclusion and put the country on a sure footing for a digital future, Nigeria would need between $12 billion and $15 billion of infrastructure investment in the next five years, MTN chief has said.
In terms of size, the country’s digital footprint is most investors’ toast. Mobile voice subscriptions rose to 220 million in May 2023 while internet subscriptions are at 159 million, making it the largest in Africa. However, investment in the backbone infrastructure that powers the digital economy is growing at a snail’s pace.
