The Federal Ministry of Communications, Innovation and Digital Economy has announced it will undertake a comprehensive review of the reported acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s economy and national security.
In a statement signed by Communications Minister Bosun Tijani, the Ministry said it is closely monitoring recent developments in the sector and will collaborate with relevant regulatory authorities to assess the implications of the transaction.
The announcement comes amid broader reforms introduced under the administration of President Bola Ahmed Tinubu. According to the Ministry, the government has, over the past two years, implemented policy measures aimed at stabilising the telecommunications sector, improving regulatory clarity, and restoring investor confidence.
Officials noted that recent financial results from major operators show improved profitability, renewed infrastructure investment, and greater operational stability across the industry. The Ministry attributed this progress to sustained engagement with stakeholders and reforms designed to ensure the sector’s long-term viability.
However, given the central role telecommunications infrastructure plays in economic growth, financial services, innovation, and social inclusion, the government said it will carefully examine the potential impact of any consolidation or structural changes.
“Our objective is clear: to ensure that any market consolidation or structural changes protect consumers, safeguard investments, and preserve the long-term sustainability of the sector,” the statement said.
The Ministry reiterated its commitment to maintaining a transparent and forward-looking policy environment to support Nigeria’s broader digital economy ambitions.
The outcome of the review is expected to determine whether additional regulatory measures will be required to align the transaction with the government’s market development agenda under its Renewed Hope policy framework.