Nigeria

Nigeria loses N18bn to foreigners in telecoms

2012-06-05 17:24
Lagos - A telecom expert says despite the growth in the telecom industry, very little of the $18 billion Foreign Direct Investment has been retained, BusinessDay reports.

This has been ascribed to the dearth of a local content law in the sector.

Industry watchers have called for the formulation of a telecoms version of the Petroleum Industry Bill (PIB)

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