Foreign investors weigh return as Nigeria’s telecom FDI slumps to $80.78 million
- FDI in Nigeria's telecom sector dropped to $80.78 million in Q1 2025, a 57.8% decrease from the previous year.
- The peak FDI recorded in 2014 was $994.33 million, with inflows not exceeding $500 million since 2019.
- Industry leaders attribute the decline to price controls and a volatile foreign exchange regime.
The telecom sector in Nigeria is at a crossroads, facing significant challenges due to past regulatory decisions and currency instability. However, the proactive investments by telecom operators and anticipated improvements in the economic landscape could pave the way for a resurgence in foreign investment. It will be crucial for stakeholders to maintain stability and adapt to market conditions to attract and retain investor confidence.
