Business
Telecom: Nigeria Market May Stagnate In 3years Time
The Nigerian telecommunications market will begin to show signs of stagnation in the next three years. investigations reveal that the country’s burgeoning telecom sector, which emerged as the leading sector in Africa late last year, when it surpassed South Africa’s telecom market in subscribers base, may hit over 100 million subscribers between now and 2012.
Investigations further reveal that local telecom operators fast-paced growth in countries like Nigeria and Iran will soon face a situation similar to the South African market as they face dwindling growth prospects due to expected situation in the market.
An Analyst with Absa Investment, Chris Srilmour has said that telecom operators in Nigeria need to find a new area of growth, as they cannot rely indefinitely on Nigeria.
Ernest Ndukwe, executive vice chairman of the Nigerian communications commission, recently disclosed that the country’s telecom’s market is already showing signs of distress occasioned by operators’ bad marketing approaches and lack of innovation.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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