Telecom
Nigeria’s $1 Trillion Economy Vision Hinges on Digital Backbone

Industry leaders at a summit on the implementation of Critical National Information Infrastructure (CNII) framework in Nigeria have established a direct link between Nigeria’s $1 trillion economy ambition and the critical roles of digital infrastructure in the country.

L-R: Chief Executive Officer, Open Access Data Centre, Dr. Ayotunde Coker; Director, Legal (Global & Regional Business Affairs), Equinix, Abayomi Adebanjo; Chief Executive Officer, Rack Centre, Lars Johannisson; Ass. Business Editor and panel moderator, Yemi Adepetun; and Convener, Policy Implementation Assisted Forum (PIAFo), Omobayo Azeez, at the 7th PIAFo Summit on Critical National Information Infrastructure held in Lagos on Thursday.
During a panel session titled Appraisal of Data Centre Infrastructure Risks in the Scheme of CNII Implementation, they underscored the need for robust investments in data centers, broadband expansion, and cybersecurity.
Moderated by Yemi Adepetun, Assistant Business Editor at The Guardian Newspaper, the session featured insights from top industry executives, who stressed that Nigeria’s digital economy hinges on resilient infrastructure, energy integration, and strategic policy implementation.
Participants are the Chief Executive Officer, Open Access Data Centre (OADC), Dr. Ayotunde Coker; CEO of Rack Centre, Lars Johannisson; and Director of Legal (Global and Regional Business Affairs) at Equinix, Mr. Abayomi Adebanjo.
The panel session formed a part of the just concluded seventh edition of Policy Implementation Assisted Forum (PIAFo) with the theme: “Strengthening Protection of Critical Information Infrastructure through Proactive Implementation and Strategic Coordination.”
Strengthening Nigeria’s Digital Backbone
OADC boss, Coker, highlighted the fundamental role of digital infrastructure in driving economic growth. He pointed out that connectivity, data centers, and power must be aligned to ensure digital resilience.
Dr. Coker acknowledged Nigeria’s recent progress in restoring connectivity through increased subsea cable capacity, citing Meta’s new subsea cable project as a significant boost to global connectivity. However, he stressed the urgency of upgrading outdated subsea cables and fast-tracking infrastructure projects such as the Equiano and 2Africa cables.
With the government’s plan to expand fibre optic capacity by 90,000 kilometers, Dr. Coker emphasized the direct economic impact of broadband penetration, stating that a 10% increase could contribute 2.5% GDP growth. He also noted that while South Africa houses 50% of Africa’s data center infrastructure, Nigeria must scale up investments to bridge the gap and compete on a global level.
“The future of our digital economy depends on the seamless integration of connectivity, power, and data centers,” Dr. Coker asserted, calling for greater collaboration between private and public stakeholders.
Challenges in Execution and Investment
Mr. Johannisson echoed Dr. Coker’s sentiments, applauding Nigeria’s digital progress but warning that execution remains a major hurdle.
He highlighted asset protection policies as a key factor in attracting foreign investments.
Johannisson revealed that every megawatt of data center capacity requires an investment of approximately €12-15 million, with 70 megawatts currently in the pipeline.
He also stressed the importance of decentralizing data centers beyond Lagos to ensure broader access and affordability, especially with the pressing need for edge infrastructure which requires data centre spread across the country.
“If inefficiencies drive up costs, digital services will remain inaccessible to large segments of the population,” he warned.
Looking ahead, Johannisson emphasized the need to maintain cost-effective infrastructure investments to achieve Nigeria’s broadband penetration target of 80% by 2030.
Security, Power, and Government Support
Meanwhile, Abayomi Adebanjo, Director of Legal (Global and Regional Business Affairs) at Equinix, focused on the intersection of digital infrastructure and national security.
He underscored the vulnerability of critical networks to cyber threats and called for stricter security measures at both physical and digital levels.
Adebanjo also identified major gaps in Nigeria’s Critical National Information Infrastructure (CNII) framework, urging the government to take a more active role in enforcing protection programs.
He cited persistent issues such as fiber cable theft and legal obstacles in prosecuting offenders as deterrents to investment.
Recognising the significant power demands of data centers—comparable to large industrial operations such as the Dangote refinery—Adebanjo advocated for incentives such as designated special zones for data centers and priority access to electricity.
“Ireland is a prime example of how a stable regulatory and power supply environment can attract foreign direct investment,” Adebanjo noted, urging Nigerian policymakers to adopt similar strategies.
The Path Forward
The discussions at PIAFo underscored that Nigeria’s ambition to achieve a $1 trillion economy hinges on its ability to create a conducive environment for data centers and digital infrastructure growth.
In his opening remarks, Convener of PIAFo, Mr. Omobayo Azeez, stressed the need for concerted efforts among stakeholders to protect existing infrastructure and attract new investments to secure the digital future of the country.
Industry leaders agreed that increased broadband penetration, strategic investment, and supportive government policies are critical to bridging the digital divide and ensuring long-term sustainability.
With a growing commitment from both public and private sectors, Nigeria stands at a pivotal moment in its digital transformation journey—one that will define its economic trajectory for decades to come.
Telecom
MTN, BUA, Dangote & Other Industry Giants Triumph at NGX Made of Africa Awards

Nigerian Exchange Group (NGX) hosted its annual Made of Africa (MOA) 2025 Awards on Monday, February 4, 2026. The event, held during the NGX year-end celebrations, brought together regulators, listed companies, and market operators such as MTN, BUA, Dangote, Transcorp, to celebrate achievements in compliance, sustainability, and market performance.

In his opening remarks, Dr. Umaru Kwairanga, the Chairman of Nigerian Exchange Limited, said “Excellence in compliance, sustainability, and several other categories recognises the fact that capital market operators and quoted companies must be standards not only in terms of the size of their operations but also adherence to regulations and best practices of corporate social responsibilities.”
He emphasised that the awards serve as a benchmark for excellence. He noted that the 2025 honourees demonstrated significant improvements in branding, customer service, and operational standards despite a challenging economic environment in Nigeria.
Among the evening’s significant winners was MTN Nigeria, which was honoured for its commitment to corporate transparency. The technology giant received the award for Leadership in Sustainability Reporting, emerging as the winner in a category that included Seplat Energy, BUA Cement, and Transnational Corporation of Nigeria PLC.
The award recognised the brand’s adherence to both national and global reporting standards, reflecting its role in advancing environmental, social, and governance (ESG) practices within the Nigerian corporate space.
Tobe Okigbo, Chief Corporate Services & Sustainability Officer, MTN Nigeria, said “This recognition for Leadership in Sustainability Reporting underscores our commitment to transparency and aligning with global best practices.
“As the capital market moves toward greater accountability, MTN Nigeria remains dedicated to demonstrating resilience and faith in the Nigerian economy through comprehensive and standard-compliant reporting.”
The ceremony saw several other major players in the financial sector secure multiple accolades. Chapel Hill Denham emerged as one of the night’s most successful firms, winning in categories including Fund Manager with the Largest Listed Fund Size and Market Operator with the Highest Value of Foreign Portfolio Investment (FPI) Transactions.
Other notable winners included: Cardinal Stone Securities Limited, named Broker of the Year and Equity Trader of the Year, Dangote Cement was awarded Best Issuer in terms of Fixed Income Listings, BUA Cement PLC was recognised as the Most Compliant Listed Company, and Transnational Corporation of Nigeria (Transcorp) PLC received special recognition for Capital Market Excellence in Equity.
Mr. Jude Chiemeka, the Chief Executive Officer of Nigerian Exchange Limited, congratulated the recipients, noting that the market saw a 51% close in the All-Share Index last year, making it the second-best performing market globally. He urged winners and nominees alike to continue striving for excellence to further the aspiration of a $1 trillion Nigerian economy.
Telecom
4G Dominates Nigeria’s Broadband as 5G Lags Behind

Nigeria’s broadband landscape remains anchored by 4G LTE at 52.95% market share in December 2025, with 2G holding steady at 37.37%, while 5G penetration crawls at just 3.77%, per Nigerian Communications Commission (NCC) data.

4G’s dominance stems from urban smartphone migrations and MTN-Airtel infrastructure expansions, fuelling the digital economy, as 2G persists in rural areas due to feature phone reliance and a stubborn device gap.
5G growth stalls from high smartphone costs amid inflation, telco preference for 4G’s quicker returns over capital-heavy 5G rollouts, and limited mainstream apps beyond elite urban streaming in Lagos and Abuja.
Broadband subscriptions topped 112 million, lifting penetration to 51.97%—up from 42.2% in October 2024—crossing the halfway mark for the first time, though monthly gains of 2-3 million slowed mid-year amid population growth and regional disparities.
The NCC’s 70% target stays elusive, highlighting sustained urban-rural demand but underscoring needs for affordable devices, infrastructure, and use cases to accelerate high-speed access nationwide.
Telecom
Nigeria’s Internet Users Hit 148.2m Amid Data Cost Surge

Nigeria’s internet subscriber base surged to 148.2 million by December 2025, achieving 68.3% penetration, even amid 50% tariff hikes and naira depreciation, according to Nigerian Communications Commission (NCC) data.

MTN and Airtel dominated with 86% market share, Airtel adding 1 million subscribers in December alone, while Glo and 9mobile lagged as legacy players.
Data consumption exploded 35% to 13.25 million terabytes yearly, but Nigerians spent ₦20.87 billion daily—totalling ₦7.62 trillion ($5.58 billion)—as gigabyte prices doubled from ₦287 to ₦575.
User frustrations mounted from network failures, thousands of fibre cuts due to construction and vandalism between January and August 2025, and poor service quality despite billions in revenue. 4G LTE held 52.95% share as the workhorse, 2G clung to 37.37% in rural areas, and 5G remained a 3.77% urban luxury limited by device costs and base stations.
The NCC’s 70% broadband target fell short at 51.97%, though the ICT sector boosted Q3 GDP by ₦7.47 trillion and restored telco profits post-2024 losses.
In 2026, attention shifts to quality matching rising costs, with users urged to stay powered amid persistent “spinning wheel” woes.
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