FG Reviews MTN Group's Acquisition of IHS Towers

The Federal Government of Nigeria, through the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced a review of the acquisition of IHS Towers by MTN Group.

This decision reflects the government's commitment to stabilizing and strengthening the telecommunications sector, which is a critical pillar of Nigeria's digital economy. The review aims to assess the acquisition's impact on market structure, consumer protection, and investment sustainability.

The government emphasizes the importance of a transparent policy environment to maintain investor confidence and improve sector performance. Recent financial results from MTN Group indicate a return to profitability and increased investment in telecom infrastructure, showcasing the resilience of the industry amid ongoing reforms.

The review aligns with the administration of President Bola Ahmed Tinubu, which has taken deliberate steps to ensure the viability of the telecommunications sector and its capacity to deliver meaningful connectivity to Nigerians.