Nigerian telecom operators have pushed back against the capital importation data released by the National Bureau of Statistics, arguing that the figures do not fully reflect the scale of spending in the sector, which recorded N2.13tn in capital expenditure in 2025.
The country’s statistics agency on Friday released first-quarter 2026 data showing that foreign investment in the telecom sector fell 91 per cent to $7.24m from $80.78m in 2025.
In a statement issued on Monday and signed by the Association of Licensed Telecommunications Operators of Nigeria Chairman, Gbenga Adebayo, and Publicity Secretary, Damian Udeh, the group said it welcomed the NBS report but stressed that the data needed broader context to properly reflect sector dynamics.
“While we recognise the importance of accurate data in shaping investor perceptions and guiding policy decisions, we believe that additional context regarding the telecommunications sector’s current investment landscape will provide stakeholders with a more comprehensive
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