The Federal Government has indicated its intention to undertake a comprehensive review of the reported acquisition of IHS Towers by MTN Group based on the strategic importance of telecommunications infrastructure to Nigeria’s digital economy and national security.
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, stated that the ministry was closely monitoring developments in the telecommunications sector following the acquisition involving IHS Towers and MTN Group.
According to him, government interventions, including policy clarity, regulatory support and sustained engagement with industry stakeholders, have helped restore investor confidence and improve overall sector performance.
The minister noted that recent financial results of major telecom operators reflected improved profitability, increased infrastructure investments and enhanced operational stability across the industry.
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However, he maintained that given the critical role telecommunications infrastructure had been playing in national security, economic growth, financial services, innovation and social inclusion, any major structural change within the sector must align with the administration’s broader market development agenda under the Renewed Hope policy framework.
Tijani clarified: “To ensure strategic actions by private sector operators are consistent with national objectives, the ministry will undertake a thorough assessment of this development in collaboration with relevant regulatory authorities.”
According to him, the review will focus on protecting consumers, safeguarding investments and preserving the long-term sustainability of the telecommunications industry.
While reaffirming the government’s commitment to a stable and transparent policy environment, the minister assured that his ministry remained focused on keeping Nigeria’s telecommunications industry on a strong growth trajectory, in line with its broader vision of building a resilient and globally competitive digital economy.
