GSMA projects $150m investment boost from Nigeria’s telecom tariff hike

The recent 50% increase in mobile tariffs in Nigeria is expected to unlock over $150 million in fresh investment, driving the expansion of 4G network coverage to 94% of the population by 2028. This move is projected to bring mobile internet access to an additional 9 million people, including 2 million in rural communities, and boost GDP growth by two percentage points, generating 1.6 trillion naira in tax revenue. The GSMA believes this tariff adjustment is a critical step towards closing Nigeria's digital divide, and it's not just about faster internet - it's about empowering farmers, students, and entrepreneurs with digital tools.

The influx of funds will help bridge gaps in underserved regions, where only 27% of rural residents currently use mobile internet. The GSMA argues that sustainable investment is essential to "future-proof" Nigeria's digital economy, ensuring quality service and innovation. To maximize the benefits, the GSMA urges further action, including streamlining Right of Way permits, classifying telecom infrastructure as Critical National Infrastructure, and reducing sector-specific taxes.

This development has the potential to catalyze AI and IoT innovations, creating nearly 2 million new jobs in tech-driven sectors like manufacturing, trade, and transport. With Nigeria's digital economy poised to contribute over $88 billion to GDP by 2028, the GSMA is committed to working with the Nigerian government and industry stakeholders to ensure the country fully leverages its digital potential.

https://guardian.ng/technology/telecoms/gsma-projects-150m-investment-boost-from-nigerias-telecom-tariff-hike/