The Minister of Communications, Innovation, and Digital Economy, Dr. ‘Bosun Tijani, has said the federal government will conduct a comprehensive review of the acquisition of IHS Towers by MTN Group to ensure the move aligns with Nigeria’s broader telecommunications and digital economy objectives.
In a statement issued on Tuesday, Dr. Tijani said the ministry is closely monitoring recent developments in the telecommunications sector, particularly the acquisition of IHS Towers by MTN Group.
Nigerian Newssphere reports that MTN Group recently acquired IHS.
Reacting, the minister noted that under the leadership of President Bola Ahmed Tinubu, the administration has, over the past two years, implemented deliberate measures to stabilize and strengthen the telecommunications sector as a critical pillar of Nigeria’s digital economy.
He said the government’s interventions have focused on providing policy clarity, regulatory support, and sustained engagement with industry stakeholders to enhance long-term sustainability, boost investor confidence, and improve overall sector performance.
According to Tijani, recent financial results released by major telecom operators point to improved profitability, increased infrastructure investment, and greater operational stability across the industry.
“This progress reflects the resilience of the industry and the impact of reforms aimed at ensuring its viability and capacity to continue delivering meaningful connectivity to Nigerians,” he stated.
Highlighting the strategic importance of telecommunications infrastructure to national security, economic growth, financial services, innovation, and social inclusion, the minister said the ministry would undertake a thorough assessment of the acquisition in collaboration with relevant regulatory authorities.
He explained that the review would ensure that strategic actions by private sector operators are consistent with the market development agenda under the President’s Renewed Hope policy direction.
“Our objective is clear: to ensure that any market consolidation or structural changes protect consumers, safeguard investments, and preserve the long-term sustainability of the sector,” Tijani said.
He reaffirmed the government’s commitment to maintaining a stable, transparent, and forward-looking policy environment to keep Nigeria’s telecommunications industry on a strong and sustainable path, in line with its broader vision of building a robust digital economy.
The statement was signed by Dr. ‘Bosun Tijani, Honourable Minister of Communications, Innovation and Digital Economy, Federal Republic of Nigeria.
