Nigeria remains best telecoms investment destination, says Juwah
Nigeria will remain telecoms investment haven as long as foreign and local investments into the sector in Nigeria are duly protected by existing telecoms laws, Executive Vice Chairman of the Nigerian Communications Commission (NCC, Dr Eugene Juwah has said.
Juwah said that the Nigerian Communication Act 2003, which defines how telecommunications works in a win-win both for the country and the investors, has been a major source of the industry success.
'The power of the Nigerian Communications Act guarantees a safe market for investors that they can indeed bring their money into Nigeria and be sure that the law is there to protect their investment,' Juwah said.
The last official industry data showed that active mobile subscriptions in Nigeria has grown to over 116 million while teledensity has grown over 80 per cent in the last 12 years.
The NCA, is largely regarded as one of the most progressive laws in the country. It gives the regulator absolute power, devoid of government or other external interferences to regulate the industry according to the best global practices as enshrined by the International Telecommunications Union and other regional telecoms regulatory bodies.