Hard Time: Nigerians Cut-down Spending On Data, Phone Calls, Down Telecoms Outlook

▪️ Report highlights key Telecoms areas hard hit by economic situation, blames harsh government policies as MTN, Glo, others count losses   The Information and Communications Technology, ICT, the sector has shown great stability in recent years, holding off bad economic conditions, to contribute handsomely to the nation’s Gross Domestic Product, GDP. However, the sector, buoyed by the huge contribution of the telecommunications sub-sector is beginning to show weak signals which industry operators are not comfortable with. The weak signals, ranging from surprising dips in the revenue of sector players,…

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