• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Telecom Sector’s Survival Depends On Gov’t Support — Experts 

by Royal Ibeh
1 year ago
in News
Telecom
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s economic experts and stakeholders in the telecom industry have warned that the sector’s decline could have far-reaching consequences for the country’s economic growth and development, if government do not intervene.

Advertisement

Stakeholders gave the warning at a breakfast session hosted by the Lagos Business School at Pan-Atlantic University as leading voices in the private sector gathered to discuss the theme, “Telecom Sector: The Fulcrum for Economic Dynamism in Nigeria”.

Keynote speaker and CEO of Financial Derivatives, Bismarck Rewane, emphasised the telecom sector’s critical role in driving economic growth, innovation, and productivity across various industries.

Rewane, in his presentation titled, “Nigerian Economy on the Brink, Adapt or Collapse?”, highlighted the sector’s challenges, including rising inflation, high operating costs, limited access to foreign exchange, regulatory burdens, multiple taxations, and state and local government extortions.

He stressed that the challenges were threatening the sector’s growth and development, citing MTN’s reported loss in the 2023 financial year.

RELATED

NDLEA Arrests 48 Suspects, Convicts 5 In Edo

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

60 minutes ago
Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

2 hours ago

Rewane emphasised that the current situation was having a detrimental impact on the sector’s growth and development, warning that the revenue potential from telecoms may start falling, leading to a ripple effect on other sectors.

“Big push theory posits that growth in one sector can stimulate growth in others through backward and forward linkages. The telecom sector has both forward and backward linkages to various sectors. This linkage to other sectors is vital for economic growth, innovation, and productivity across various industries, making it a key enabler and driver of development in modern economies. If the telecom industry collapses, all other sectors will follow,” he added.

Other notable speakers, including Prof. Ali Bongo, who echoed Rewane’s sentiments, stressing the need for government support and deregulation to ensure the sector’s survival.

They highlighted the sector’s growth potential, citing its eight per cent outperformance of GDP growth rate between 2019 and 2023.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Telecoms
SendShareTweetShare
Previous Post

Tinubu Appoints 39-yr-old Maduekwe DG Of Climate Change Council

Next Post

Hajj: Kwara Pilgrim ‘Commits Suicide’ In Saudi Arabia

Royal Ibeh

Royal Ibeh

You May Like

NDLEA Arrests 48 Suspects, Convicts 5 In Edo
News

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

2025/06/29
Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term
News

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

2025/06/29
Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs
News

Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs

2025/06/29
Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 
News

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

2025/06/29
Muslims Have Constitutional Rights To Shari’a Adjudication – Sultan
News

Sultan Tasks Political Leaders On Motto Of National Institute

2025/06/29
70% Nigerians Without Insurance Cover — NCRIB 
News

70% Nigerians Without Insurance Cover — NCRIB 

2025/06/29
Leadership Conference advertisement

LATEST

Don’t Help Anyone Carry Bags You Didn’t Pack, NDLEA Warns Travellers

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Ex-Footballer, Businessman, Others Arrested Over Illicit Drugs

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

Sultan Tasks Political Leaders On Motto Of National Institute

Kanu, Ikpeba To Attend NNL Super 8 Opener

WAFCON 2024: CAF Celebrates Former Super Falcons Captain, Ebi

70% Nigerians Without Insurance Cover — NCRIB 

Ojude Oba: Brands, Celebs Find New Spotlight

Mádé Kuti Drops New Single ‘Wait And See’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.