Telecommunications in Nigeria
Foreign capital imported into Nigeria’s telecommunications sector fell to a four-year low of $7.24m in the first quarter of 2026, despite the 50 per cent tariff increase approved for operators last year, findings by The PUNCH have shown.
Data from the National Bureau of Statistics’ Capital Importation Report for the first quarter of 2026 showed that the sector attracted only $7.24m during the period, representing 0.07 per cent of the total $10.37bn capital imported into the country.
The latest inflow marked a sharp decline from the $80.78m recorded in the corresponding period of 2025 and was also significantly lower than the $103.36m attracted in the fourth quarter of last year.
Analysis of historical data showed that the Q1 2026 figure was the lowest quarterly inflow into the telecommunications sector since the fourth quarter of 2021, when the sector recorded no capital importation.
