Telcos require USD10 billion for network upgrade, expansion

3 Apr 2009

According to local paper This Day, around USD10 billion is required for the provision of major telecoms infrastructure in Nigeria over the next ten years, the country’s telecoms operators have stated at a session with the House of Representatives Committee on Communication. Operators including Zain, Globacom, MTN and Visafone expressed concern over the inadequate infrastructure in the country, blaming multiple taxation and levies payable to federal, state and local governments. High import duties, insecurity, power outages, and the effect of the devaluation of the naira have also been cited a factors.

Osondu Nwokoro, director of regulatory affairs of Zain Nigeria, said that over USD6 billion has been invested by the country’s telecoms operators over the past five years. He added: ‘We are trying to be proactive ahead of the regulator by addressing major challenges such as drop calls and provision of infrastructure.’