How Telecom Investment Is Multiplying Across Nigeria’s Economy
A fibre cable buried beneath a Nigerian road may look like a telecom asset. But when that cable carries a bank transfer, powers a point-of-sale terminal, connects a logistics operator to customers, or enables a software developer to serve a client abroad, its economic value extends far beyond the telecommunications company that paid for it. That is the larger question emerging from Nigeria’s sustained investment in telecommunications infrastructure: what does the country actually gain from the networks being built, expanded and upgraded across the economy? For economist and Financial Derivatives Company Managing Director, Bismarck Rewane, the answer cannot be found simply by looking at the telecommunications sector’s contribution to Gross Domestic Product. Rewane recently described the telecommunications revolution as one of the most significant transformations in Nigeria’s economy in the past 25 years, arguing that operators have evolved from service providers into critical econ...
