Nigeria's telecommunications sector has seen cumulative investment surpass $75 billion, marking a new phase of growth. The sector has evolved from a voice-driven market into a critical platform for financial services, commerce, transportation, education, and other economic activities. Bismarck Rewane, Managing Director of Financial Derivatives Company, noted that investment rose from about $500 million at the start of liberalisation to over $75 billion. The challenge now is converting connectivity gains into wider productivity and economic growth, with rising data consumption and broadband expansion placing fresh demands on infrastructure.
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