Investing Telecom Nigeria

INVESTING IN THE NIGERIAN TELECOMMUNICATIONS SECTOR Editors Comment The Telecommunications arena in Nigeria is matchless of the most undeveloped in Africa and indeed, in the whole world. Several factors story for the low development of telecommunicationmunications infrastructure in Nigeria, chief amongst which is the fact that the area had been heavily dominated by the state-run monopoly Nigerian Telecommunications (NITEL) Plc. The telecommunications sector is an indispensable particle accelerator for the development of all other socioeconomic sectors. NITEL has been unable to meet the telecomm requirements of the major sectors of the economy, typified by oil and banking, which has led to players in these sectors investing in and providing secondary means of communication for their business activities. The Nigerian government in recognition of this fact has taken steps to liberalize its telecom sector so as to do work it efficient and internationally competitive.The liberalization process is expected to culminate in the privatization by the sale by the government of 40% of its interest in NITEL shares to technical partners, and an additional 20% to the Nigerian human beings by September 1999. The governments decision to liberalize the telecom sector is certainly laudable.

This newsletter will however assess the extent and impact of deregulation on the sector, the implication of the governments liberalization policy for clannish investors and the growth/development of the sector. THE NEED FOR A DEREGULATED TELECOMMUNICATIONS SECTOR. The main reasons for deregulating the Nigerian telecom industry, within the context of National Communications Commission Decree No. 75 of 1992, can be summarized as follows: the inability and unwillingness of government to touch to subsidize the public telecom company, NITEL; the need to spread some of the burden of running telecom services to the private sector; a growing involve for... If you want to get a full essay, order it on our website: Ordercustompaper.com

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