The Nigerian Communications Commission (NCC) has given all licensed telecom operators in Nigeria 45 days to regularise any unapproved changes in their ownership structures. This move is aimed at promoting transparency, ensuring compliance with regulations, and building a stronger, more reliable telecom industry.
Under the new directive, any ownership change exceeding 10% that was made without prior approval from the NCC must now be formalised within this 45-day window. While the Commission is giving operators time to comply without penalties, it has warned that enforcement actions, including fines, will follow if the deadline is missed.
Why this is important
This is more than just a regulatory requirement — it’s a step toward building a more accountable and investor-friendly telecom sector. When ownership structures are clear and transparent, it boosts confidence among investors, encourages fair competition, and strengthens corporate governance.
For telecom companies, this is an opportunity to align with regulations and showcase their commitment to good governance. For consumers, it means a more stable telecom market, which can translate to better services, improved network quality, and innovative offerings.
Industry experts see this as a positive signal that Nigeria’s telecom sector is serious about integrity, compliance, and sustainable growth. By keeping ownership structures transparent, disputes and confusion are reduced, paving the way for a more robust industry that benefits everyone — operators, investors, and subscribers alike.
The NCC’s directive underscores its commitment to ensuring a fair, reliable, and well-regulated telecom ecosystem, which is essential as the sector continues to expand and innovate.