The Federal Ministry of Communications, Innovation and Digital Economy says it will collaborate with relevant regulatory authorities to review the impact of MTN Group’s acquisition of IHS Towers on Nigeria’s communications sector.
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this in a statement on Tuesday following the acquisition by MTN Group of IHS Towers.
Tijani said the ministry would undertake a thorough assessment of developments in telecom infrastructure in line with the Federal Government’s Renewed Hope policy agenda.
He emphasised the strategic importance of telecommunications infrastructure to national security, economic growth, financial services, innovation and social inclusion.
“The ministry will undertake a thorough assessment of this development in collaboration with the relevant regulatory authorities to review its impact on the sector.
“Our objective is clear — to ensure that any market consolidation or structural changes protect consumers, safeguard investments, and preserve the long-term sustainability of the sector.
“We remain committed to maintaining a stable, transparent and forward-looking policy environment that keeps Nigeria’s telecommunications industry on a strong and sustainable path, in alignment with our broader vision of building a robust digital economy,” he said.
Tijani noted that over the past two years, the Federal Government had taken deliberate steps to stabilise and strengthen the telecommunications sector as a critical pillar of Nigeria’s digital economy.
According to him, through policy clarity, regulatory support and sustained engagement with industry stakeholders, the government has prioritised long-term sustainability, investor confidence and improved sector performance.
He added that recent financial results announced by key operators show improved profitability, increased investment in telecom infrastructure and enhanced operational stability across the sector.
“This progress reflects the resilience of the industry and the impact of reforms aimed at ensuring its viability and capacity to continue delivering meaningful connectivity to Nigerians,” he said.