The Lagos Chamber of Commerce and Industry (LCCI) has emphasised the need for greater investment in critical telecom infrastructure to achieve Nigeria’s vision of a $1 trillion economy. Dr. Chinyere Almona, LCCI’s Director-General, highlighted the rising operational costs for telecom operators, driven by factors such as energy prices, inflation, and currency depreciation, which led to recent tariff hikes.
While acknowledging the financial challenges faced by telcos, Almona stressed the importance of balancing affordability for consumers with the need for improved service quality. She called for automation in regulatory services to enhance efficiency, reduce costs for businesses, and boost Nigeria’s digital economy.
Almona also urged the government to prioritise funding for the ICT sector, which demonstrated resilience during the COVID-19 pandemic, to catalyse innovation, economic growth, and global competitiveness.
