Bosun Tijani, minister of communications, innovation and
digital economy, says the government is assessing MTN Group’s acquisition of
IHS Towers to ensure the deal aligns with Nigeria’s telecommunications
development goals.
Earlier today, MTN Group said it has agreed to acquire the
remaining 75.3 percent stake in IHS Holding Limited in an all-cash deal valued
at $2.2 billion.
Tijani, in a statement on Tuesday, said the administration
of President Bola Tinubu has spent the past two years strengthening the telecom
sector through policy clarity, regulatory support, and engagement with industry
stakeholders, boosting investor confidence and sector performance.
“Recent financial results from key operators show improved
profitability, increased investment in telecoms infrastructure, and operational
stability across the sector,” he said.
“These gains reflect the resilience of the industry and the
impact of government reforms.”
The minister added that telecommunications infrastructure is
critical for national security, economic growth, financial services,
innovation, and social inclusion.
“We will undertake a thorough assessment of this development
with relevant regulatory authorities to review its impact on the sector,”
Tijani said.
He added that the review aims to ensure market consolidation
or structural changes, protect consumers, safeguard investments, and preserve
the long-term sustainability of the telecom industry.
Tijani also said the government remains committed to
maintaining a stable and forward-looking policy environment to keep Nigeria’s
telecommunications sector strong and sustainable, in line with the
administration’s broader digital economy vision.
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