5G and 4G Rollout Improves Foreign Investment

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Increased 5G rollout and 4G has improved foreign investments into the telecommunications sector by 325.12 per cent in 2022.

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.

This is as the sector continued to retain its foreign investment appeal despite the country’s challenging economic environment.

Written by: Helen Obih

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