Telecom
Government Intervention Required to Attract Investments in Telecom- Teniola
The Nigerian Telecommunications industry was once referred to as one of the fastest growing in the world. The situation is, however, a lot different today as many operators are faced with loss of revenue, largely due to the economic recession, over the top players, multiple taxation, insecurity and other issues.
I was recently with Olusola Teniola, President of the Association of Telecom Companies of Nigeria, ATCON, and he spoke at length on the some of the challenges in the Telecom industry and the way forward.
Olusola stated that, the reason why investors are not investing in the Telecom industry in Nigeria for now can be looked at from both the macro and the micro economic environment within Nigeria.
Having being in recession for more than two quarters, and the low growth rate of between 0.3% and 0.8%, which is not the kind of growth rate that an investor is looking to invest in. “Investors will be looking for high single digit or double digit growth rate regime to invest in”, he maintained.
He stated that Kenya and Ethiopia are the current leaders in the Telecom industry in Africa at the moment, with Nigeria and South Africa lagging behind. The recession, he declared, has made many capital projects to be put on hold in the Telecom industry which is capital intensive.
Olusola stated that the industry needs the government to create the enabling environment, as well as create a more stable foreign exchange regime because, the multitude of forex windows we currently have, is not encouraging the investor. He also stated that the debt facility problem being faced by about two of the players in the industry.
Speaking on how all these has impacted on the quality of service provided by these Telecom companies, Olusola stated that, there are two aspects to the quality of service provided and this is where the micro economic environment comes in. He emphasized that, one of them is the technical aspect of quality.
The NCC, he said, focuses on the technical aspect of it in terms of the KPI’s set and are usually driven by the ITU standards. The other aspect, he stated, has to do with capacity management, which has to deal with investments in networks. “If you look at the actual composition of the industry to date, there has been an investment of about $68billion, right from the time the industry was liberalized in 2001 to date and that represents quite a significant amount of Dollars flowing in”, he observed.
He emphasized that, about half of the $68billion investment, so far, came in through FDI, and if it is broken down further, only one operator has contributed 50% of that, as about $16billion came from only one operator, where we have many operators.
He opined, that, the investments, so far, has not covered the whole of Nigeria, hence, the industry is still in need of further injection of investment to grow. He said that there are about 150million subscribers where the networks have, so far, deployed in Nigeria.
He made it known that, services to these subscribers, is based on the infrastructure that we have, so far, which was built, predominantly, for voice, but which now also runs e-payments, mobile money, etc.
“You can see that, the struggle to try and keep up with the congestion requires that more capacity has to be put in place and that means funding”, he observed
When asked what he recommends as steps, going forward, Olusola stated that ATCON has always advocated that its members have their equipment and investments protected, which he reiterated, is significant.
He observed that, yes, ICT has now become critical to the success of the Nigerian economy, Telecom, however, is a key factor and an infrastructure player in Nigeria at the moment because, without the infrastructure, we cannot even use our smartphones for any other thing other than to using it for making the basic calls.
On security of the Telecom infrastructure, there has been a liaison with NCC and other security outfits, like the Nigerian Police, to protect these infrastructures.
The Association, he stated, also encourages the reporting of incidences of damages to infrastructures the more instead of just repairing the damages and keeping mum over the damages.
The idea, he maintained, is to raise awareness about the negative impact on the quality of services rendered, caused by tampering with Telecom facilities
Olusola is of the opinion that, it is not about the fact that, whether Floor pricing has to go or has to stay, but it is about innovation, competition and the best consumer choice. The extinction of the CDMA’s, he observed, had to do with the management of the companies involved as well as operating on a regional basis and not on national basis, rather than about pricing.
“The forces that dictate the market chose the GSM technology for many reasons, and one of the reasons is that the SIM card can be divorced from the device and the devices, in my opinion, are actually, more smarter and lovelier in the GSM realm than in the CDMA”, he concluded.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
Airtel Nigeria launches a new Smartphone Financing Programme to aggressively bridge the digital divide. The innovation provides existing Airtel customers with a flexible and convenient payment plan to own 4G smartphones and drive wider digital inclusion.
Through this innovation, Airtel will finance new smartphones via its exclusive retail network, helping customers currently using 2G and 3G devices upgrade seamlessly to 4G connectivity. The programme will kick off with the Itel A50 smartphone, a reliable, high-performing device designed to deliver a superior mobile experience for customers across Nigeria.
Speaking on the launch, Dinesh Balsingh, Chief Executive Officer of Airtel Nigeria, said the initiative reflects Airtel’s deep commitment to empowering Nigerians with all they need to thrive in a connected world.
He said, “Connectivity is opportunity, and smartphones are the key that unlocks it. Through the Airtel Smartphone Financing Programme, we are enabling more Nigerians to access 4G technologies, experience the full benefits of digital inclusion without financial strain, and transform the way they learn, work, and live. This initiative goes beyond providing devices; it is about empowerment, progress, and building a truly connected future.”
To be eligible, customers must be Airtel subscribers and are advised to check their financing status by dialling *492# USSD code. Once approved, the final onboarding is completed at any Airtel-owned shop. Upon making the initial down payment of ₦19,000 or ₦21,000, customers will receive their smartphone and immediately gain access to fast 4G internet.
All payments, including the down payment and subsequent weekly instalments, will be made exclusively through SmartCash, Airtel’s secure mobile money subsidiary.
Also speaking on the innovation, Ismail Adeshina, Director of Marketing, emphasised the role of partnerships and technology in driving the initiative.
“Our mission is to democratise access to technology by removing financial barriers. With this programme, customers can now afford quality smartphones without the burden of full upfront payment. By leveraging SmartCash and intelligent scoring systems, we are creating a sustainable model for inclusive digital growth,” Adeshina added.
To qualify, customers must be active on the Airtel network for at least three months, have a registered SmartCash account, a valid form of identification such as NIN, Voter’s Card, or Driver’s Licence, and provide consent for data processing by Intelligra for eligibility verification.
The Airtel Smartphone Financing Programme aligns with Airtel Nigeria’s broader goal of advancing financial inclusion, digital empowerment, and innovation across the country.
Six students have qualified for the grand finale of the MTN mPulse Spelling Bee following a keenly contested regional final held in Abuja.
The finalists — Samuel Babalola, Ojoma Gabriel Sylver, Favour Shuwa, Henry Elebiga Goodness, Levi Kelechi Ebisike, and Mary Chukwudi — will represent the North-Central, North-East, and North-West zones at the national competition scheduled to hold in Lagos.
The event, which drew participation from schools across the region, showcased the linguistic abilities of young Nigerians. The winners were selected based on their accurate spelling of complex vocabulary.
Temilolu Salako, Senior Manager, Segment Marketing (Youth, Women & Teen) at MTN Nigeria, said the company remains committed to empowering young people through education and technology.
“At MTN, we believe in the power of connectivity and technology to transform lives and build a brighter future,” Salako said.
One of the finalists, Mary Chukwudi, expressed excitement over her qualification, saying she had declared her intention to win before the competition began.
“I’m so happy. I’m proud of myself and can’t wait to go to Lagos for the grand finale,” she said.
The overall winner of the national competition will receive a ₦5 million educational grant, a laptop, a smartphone, and the opportunity to serve as MTN CEO for one day.
In addition, the champion’s school will benefit from a ₦10 million flagship project, including a modern ICT laboratory.
The MTN mPulse Spelling Bee is part of the company’s youth development initiative aimed at promoting academic excellence and leadership among Nigerian students.
The 14th edition of the Africa International Film Festival (AFRIFF) concluded in Lagos with a dazzling Globe Awards ceremony that celebrated African cinematic excellence and honoured the continent’s digital transformation.
Held at the Landmark Centre, the event drew top government officials, industry leaders, and Nollywood stars, underscoring the growing synergy between Nigeria’s creative economy and national development.
The Honourable Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, represented Vice President Kashim Shettima at the ceremony.
In a symbolic moment, she received the newly instituted Herbert Wigwe Award for Excellence on behalf of the Vice President.
The award, named after the late business magnate and philanthropist, was also presented to Delta State Governor Sheriff Oborevwori, accepted by his deputy, Monday Onyeme. International actor and filmmaker David Oyelowo was among the celebrated honourees.
A tribute film commemorating Wigwe’s legacy was screened, drawing emotional responses from attendees and reinforcing the festival’s commitment to honouring visionary leadership.
MTN Nigeria’s Chief Digital Officer, A’isha Umar Mumuni, in her opening remarks, described the event as a beacon of Africa’s cultural and digital renaissance. “Tonight, as we stand together, we celebrate the beauty of a bold new digital world,” she said.
The red carpet featured Nollywood luminaries including Ini Edo, Rita Dominic, Omowunmi Dada, Osas Ighodaro, and Kunle Remi, whose fashion statements lit up social media. Comedian and actor Bovi hosted the evening, balancing glamour with heartfelt tributes and technical awards.
The ceremony concluded with a high-energy performance by music star Flavour, blending film and music in a celebration of Africa’s cultural vibrancy.
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