MTN to leverage 5G for expansion, woos investors to Nigeria

The participation was in furtherance of the company’s commitment to partner with the FG through the Ministry of Industry, Trade and Investment, to attract investors and investment to Nigeria at the summit themed “Nigeria: The Future of Global Business.” The event, which built on the success of the 2018 maiden edition, had in attendance chief executive officer, MTN Nigeria, Olutokun Toriola as well as chief financial officer, Kadiri.

“We demonstrated some of those capabilities to customers and other stakeholders when we worked with the federal government to try 5G in Abuja, Lagos and Calabar in 2019.” While the NCC has fixed N75 billion for 5G spectrum and licensing, the Federal Government is hoping for early deployment, anytime from now.

The speed and latency that 5G technology offers users is very impressive, and opens up a wealth of possibilities to leverage the Internet of Things and digital services in general,” said Rufai at a tech platform monitored by The Guardian.

MTN Nigeria’s Chief Technical Officer, Mohammed Rufai stated that its 5G service roll out plans will be guided by the regulator’s guidelines and timelines.

IN a related development, MTN Nigeria joined the Federal Government delegation to woo investors participating at this year’s edition of the US-Nigerian Investment Summit, which was held September 17-18, in New York City..

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