The chairman of Barthi Airtel, Mr Sunil Mittal, said Monday that the telecommunication company has so far invested about $4 billion in Nigeria.
Sunil Mittal said this while speaking to State House correspondents after a meeting with President Bola Ahmed Tinubu.
“We are already investing about $400 million a year in Nigeria, which has been going on for the last many years and that will continue. That is business as usual. We have invested just under $4 billion since the time we came into Nigeria,” he said.
He said the company is willing to invest $700 million dollars in the country in the next two years as it rolls out the 5G network.
“To roll and experience the 5G and more fibre into the ground and data centres, will require $700 more million in order to achieve that so, $400 million is what we generally invest every year but with 5G the investment is only going to go up for the next two or three years before it comes back to what it used to be,” he said.
He said the company sees a lot of investment opportunities in Nigeria and with the steps so far taken by the Bola Tinubu administration, a better future awaits the country.
“I can tell you, this country has tremendous future; with 220 million young and energetic people and in the next 10 years, the country will be the 3rd largest in the world and with the current steps taken like the floating of naira and taking fuel subsidy out, as well as organising oil production in a better way, I think the future is going to be glorious for this country,” he said.
