The Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umar Danbatta has said that telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023
He said that the statistics by the NCC was based on the computation by the Nigeria Bureau of Statistics.
The NCC boss, however, attributed the success to “thorough sustained regulatory excellence and operational efficiency by the commission”, adding that the industry has grown in leaps and bounds over the past two decades.
According to him, telephone users in Nigeria had hit 218.9 million, internet subscribers 159.5 million, while broadband users in the country now are 88.7 million within the period under review.
Danbatta listed issues of right of way, fiber cuts, the high capital requirement for deployment, multiple taxations, and regulations, among other frustrations, constituting barriers to broadband deployment in the country.
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