Nigeria, Aug. 6 -- The News Chronicle understands that with investments dropping by over half in the first quarter of 2025, Nigeria's telecommunications industry is struggling to draw in foreign capital.

Based on the most recent National Bureau of Statistics (NBS) data, foreign direct investment (FDI) into the telecom sector totaled just $80.78 million during Q1 2025, which represents a remarkable 58 percent drop from the $191.57 million registered in the same quarter of 2024.

TNC study reveals a 41 percent decline from Q4 2024, when the industry pulled $136.86 million, as well. Given the general increase in total capital inflows into the Nigerian economy over the same period, the drop is especially alarming.

Telecom companies and stak...