The Federal Government has announced plans to undertake a comprehensive assessment of the acquisition of IHS Towers by MTN Group to determine its implications for Nigeria’s economy and national security.
The Minister of Communications, Innovations and Digital Economy, Dr. Bosun Tijani, disclosed this in a statement, noting that the review would be conducted in collaboration with relevant regulatory authorities.
According to the minister, the move became necessary due to the strategic importance of telecommunications infrastructure to national security, economic growth, financial services, and innovation.
“The Federal Ministry of Communications, Innovation & Digital Economy notes recent developments in the Nigerian telecommunications sector regarding the acquisition of IHS Towers by MTN Group,” the statement read.
Dr. Tijani explained that telecommunications infrastructure plays a critical role in supporting Nigeria’s digital transformation agenda and serves as a backbone for key sectors of the economy.
He added that over the past two years, under the leadership of Bola Ahmed Tinubu, the administration has implemented deliberate reforms aimed at stabilising and strengthening the telecommunications sector as a vital pillar of the country’s digital economy.
The minister emphasised that the planned review is not intended to hinder investment but to ensure that such major transactions align with Nigeria’s broader economic and security interests.
The government, he said, remains committed to fostering a transparent, competitive, and investor-friendly environment while safeguarding national assets and promoting sustainable growth in the telecommunications industry.
The outcome of the assessment is expected to guide policy decisions and ensure that the sector continues to support innovation, financial inclusion, and overall economic development.
