Nigeria’s Head of Delegation to the just concluded World Summit on the Information Society, WSIS FORUM 2017 and the Minister of Communications, Barr. Abdur-Raheem Adebayo Shittu has struck a business deal to facilitate over $4 billion telecommunication investments from India to Nigeria.
The Minister, while making his presentation at one of the sessions on the various business opportunities in the country’s telecom sector and the need for foreign investors to take advantage of opportunity, extended a hand of fellowship to Indian investors and leading telecom stakeholders.
Shittu’s explained that the Buhari administration is transparent, and has developed new capabilities, adding that it had embraced business-friendly policies required for investors safely invest in the country.
At a side meeting with prospective investors, Indian entrepreneurs convinced the government’s sincerity of purpose as well as pulled resources together in excess of $4 billion, to be invested in Nigeria’s telecom sector with emphasis on rural telephony and grassroots development.
Meanwhile, other countries with technical expertise have also indicated interest to assist the country over satellite capabilities, so as to expand the horizon of the Nigerian Communications Satellite, NIGCOMSAT.