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Boost Digital Investment Amid Telecom Operators' Cost Concerns

1/30/2025

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Summary

Story summary

The Lagos Chamber of Commerce & Industry calls for a boost in Nigeria's digital infrastructure investment to fuel economic growth. In contrast, the Association of Licensed Telecom Companies raises concerns that the new annual payment structure from the Financial Reporting Council Amendment Act 2023 could weigh heavily on telecom operators, jeopardizing service quality as operational costs soar.

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Story summary

The Lagos Chamber of Commerce & Industry calls for a boost in Nigeria's digital infrastructure investment to fuel economic growth. In contrast, the Association of Licensed Telecom Companies raises concerns that the new annual payment structure from the Financial Reporting Council Amendment Act 2023 could weigh heavily on telecom operators, jeopardizing service quality as operational costs soar.