The new Nigeria
Stability, clear trends and imminent middle-income status
Current trends indicate that Nigeria will be the first African country to reach the international metric of 75% of towers under independent ownership. This results from a flurry of major transactions during the course of 2014. Factors including rapid traffic growth, implementation of much-enhancnced Quality of Service, and rollout of fixed and moble broadand combine to sustain an interesting and vibrant outlook for the towers sector. Enda Hardiman of consultancy Hardiman Telecommunications Ltd. reviews the Nigerian vista and prospects forward.
During the course of 2013, the Nigerian government recast the mechanism by which GDP is calculated. The new mechanism, generally agreed to provide a more accurate measure than those in use previously, sizes the economy at US$510bn.