Telecommunications operators in Nigeria have challenged the National Bureau of Statistics (NBS) report that showed the sector attracted only $7.24 million in foreign capital during the first quarter of 2026, arguing that the figure significantly understates the true scale of investments flowing into the industry.
The operators, under the umbrella of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), said the reported foreign capital inflow does not reflect the substantial investments being made by network operators, tower companies and other industry players through local financing, retained earnings and infrastructure reinvestments.A
ccording to the NBS Q1 2026 Capital Importation Report, foreign capital inflows into the telecommunications sector fell sharply to $7.24 million in the first quarter of 2026 from $80.78 million recorded in the corresponding period of 2025.
However, ALTON said the figures tell only part of the story.
Read also: Telecom foreign investment clashes 91% despite sector reforms
In
This post was originally published on this site.
