The Federal Government has announced plans to review the proposed acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s economy and national security.
This was disclosed on Tuesday in a statement signed by the Minister of Communications, Innovation and Digital Economy, Bosun Tijani.
The Ministry said it is closely monitoring recent developments in the telecommunications sector and will undertake a comprehensive assessment of the transaction in collaboration with relevant regulatory authorities.
It noted that over the past two years, under the leadership of Bola Tinubu, the administration has implemented reforms aimed at stabilising and strengthening the telecommunications industry as a critical pillar of the digital economy.
These reforms, it said, have focused on policy clarity, regulatory support and sustained engagement with industry stakeholders to enhance long-term sustainability and investor confidence.
According to the Ministry, recent financial results released by major operators point to improved profitability, increased investment in telecoms infrastructure and greater operational stability across the sector.
It added that the performance reflects both the resilience of the industry and the positive impact of reforms designed to improve its viability and nationwide service delivery.
The government stressed that, given the sector’s role in driving economic growth, financial services, innovation and social inclusion, any major market consolidation must align with national development priorities under the Renewed Hope agenda.
“The objective is to ensure that any structural changes protect consumers, safeguard investments and preserve the long-term sustainability of the sector,” the statement said.
Minister Tijani, reaffirmed the government’s commitment to maintaining a stable, transparent and forward-looking policy environment to support the continued growth of Nigeria’s telecommunications industry.
The outcome of the review is expected to provide greater clarity for industry stakeholders and investors as the sector continues to play a central role in Nigeria’s digital transformation.
