{"id":105933,"date":"2023-12-31T20:48:53","date_gmt":"2023-12-31T19:48:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023"},"modified":"2023-12-31T23:42:50","modified_gmt":"2023-12-31T22:42:50","slug":"foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","title":{"rendered":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023.<\/p>\n

This was disclosed by the recent data from the National Bureau of Statistics, NBS.<\/p>\n

Accordingly, the figure represents an increase of 158 per cent compared with the $25.81 million investments recorded by the sector in Q2.<\/p>\n

However, on a year-on-year basis, the Q3 2023 figure showed a 17% decline compared to the same period in 2022, when $77.26 million in investments were recorded.<\/p>\n

In the first three quarters of the year, the telecom sector attracted a total of $111.91 in foreign investments, according to the NBS capital importation data.<\/p>\n

With this, the sector may record a decline in FDIs for the year as the figure for the full year 2022 stood at $456.83 million.<\/p>\n

The Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), Engr Gbenga Adebayo, has said that the challenge of multiple taxation in the telecom industry is one of the major factors discouraging further investments in the industry.<\/p>\n

According to him, telecom operators are paying 39 taxes and levies, and governments at different levels in the country keep coming up with different charges.<\/p>\n

He said the undefined tax regime in the industry has made planning and projections very difficult for players, adding that potential investors are also on the lookout for these factors and are still watching.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. This was disclosed by the recent data from the National Bureau of Statistics, NBS. Accordingly, the figure represents an increase of 158 per cent compared with the $25.81 million investments recorded by the sector in Q2. […]<\/p>\n","protected":false},"author":84,"featured_media":105932,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,254,12321],"class_list":["post-105933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-telecoms"],"yoast_head":"\nForeign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023 - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-31T19:48:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-31T22:42:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"478\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023\",\"datePublished\":\"2023-12-31T19:48:53+00:00\",\"dateModified\":\"2023-12-31T22:42:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Telecoms\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\",\"name\":\"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023 - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg\",\"datePublished\":\"2023-12-31T19:48:53+00:00\",\"dateModified\":\"2023-12-31T22:42:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg\",\"width\":720,\"height\":478,\"caption\":\"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023 - Nigeria","description":"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","og_locale":"en_US","og_type":"article","og_title":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023","og_description":"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","og_site_name":"Nigeria","article_published_time":"2023-12-31T19:48:53+00:00","article_modified_time":"2023-12-31T22:42:50+00:00","og_image":[{"width":720,"height":478,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023","datePublished":"2023-12-31T19:48:53+00:00","dateModified":"2023-12-31T22:42:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023"},"wordCount":241,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg","keywords":["Africa Press","Africa Press-Nigeria","Nigeria","Telecoms"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023","name":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023 - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg","datePublished":"2023-12-31T19:48:53+00:00","dateModified":"2023-12-31T22:42:50+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Nigeria\u2019s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023. T ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704045781.406425.jpg","width":720,"height":478,"caption":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/foreign-direct-investments-in-nigerias-telecoms-sector-hit-64m-in-q3-2023#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Foreign Direct Investments in Nigeria\u2019s telecoms sector hit $64m in Q3 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/105933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=105933"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/105933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/105932"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=105933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=105933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=105933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}