Chairman of Bharti Airtel Worldwide Mr. Sunil Bharti Mittal, has met with President Bola Tinubu at the State House, Abuja, saying the recent decision of federal government to float the naira will now attract foreign investments in the country.
Speaking with newsmen on Monday after meeting, the Airtel boss, who was accompanied by Chief Executive Officer of Airtel Nigeria, Dr Segun Ogunsanya, praised the president for particularly making foreign exhange easier to access.
Mittal stressed that lack of easy access to foreign exchange had prevented the company from importing critical equipment needed for its operation in the country.
According to him, the worldwide market has applauded naira devaluation and investors are now ready to come into the country.
While noting that Airtel had made just under $4 billion investment since coming into Nigeria, he revealed that the company would roll out its 5G services and as well revealed that it would be making additional investment of $700 million in the next two years.
He said: “We’re already investing about $400 million a year, which has been going on for the last many years. That will of course continue. That is business as usual.
“On top of that, to roll out the 5G and more fiber into the ground and data centres, will require more $700 million to get to that outcome.
“So, while there is no exact number, I can give you, but all I can tell you is $400 million is what we generally invest every year.
“With 5G, the investment is only going to go up for the next two or three years, before it comes back to the same $350, $450 million a year. We have invested just under $4 billion since the time we have come into Nigeria.”
Details Later…
Deji Elumoye in Abuja
Follow us on:
The 34th anniversary of German Unity celebrated in Lagos, was hosted by Consul General Weert…
Matt Gaetz has said he will not return to Congress after withdrawing as Trump’s DOJ…
President Tinubu has sought Senate confirmation of Olufemi Oluyede as Chief of Army Staff, citing…
Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…
A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…
https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…
View Comments
O7O 4540 6674 }TOYOTA 4RUNNER ₦750,000
TOYOTA HIGHLANDER ₦800,000
TOYOTA LANDCRUISER ₦900,000
TOYOTA TACOMA ₦850,000
TOYOTA VENZA ₦900,000
TOYOTA SIENNA ₦800,000
TOYOTA SOQUOIA ₦750,000
TOYOTA PREVIA ₦600,000
TOYOTA CAMRY 2.4 650,000
TOYOTA TUNDRA N1,200,000
TOYOTA HUMMER BUS N950,000
TOYOTA SPIDER 850,000
TOYOTA MUSCLE 950,000
HONDA ACCORD ₦600,000
HONDA EOD ₦650,000
HONDA ODYSSEY ₦700,000
HONDA BABY BOY ₦500,000
HONDA PILOT ₦700,000
HONDA CROSSTOUR ₦650,000
HONDA DISCUSSION CONTINUE ₦600,000
HONDA ACCORD ₦500,000
HONDA CIVIC ₦500,000
HONDA CRV ₦500,000
HONDA CROSSTOUR ₦650,000
HONDA ELEMENT ₦600,000
HONDA PILOT ₦700,000
HONDA ODYSSEY ₦700,000
G O L F 2 3 4 500k___700k
70_4540_6674
70_4540_6674
MERCEDES BENZ GLK - GLE - C230 C200 C250 many more 800,000 __4milli
RANGE ROVER SPORT 3mill
RANGE ROVER EVOGUE 3.0mill
RANGE ROVER 2.5milli
LEXUS ES300 - ES350 - ES330 800,000_3mill
LEXUS RX300 - RX330 - RX350 - RX400 - RX450 ₦700,000__3.2mill
LEXUS LX450 - LX470 -LX570 ₦800,000_2.8m
LEXUS GX460 - GX470 ₦800,000__4mill
LEXUS RC300 - RC350 ₦600,000__3m