POST Online Media Lite Edition


Hungary to invest in ICT industry in Nigeria

Staff writer |
There is strong indication that Hungarian investors are on their way to Nigeria to invest in the Information Communication Technology (ICT) industry soon.

Article continues below

Nigeria’s Ambassador to Hungary Muhammadu Yunusa dropped the hint as an aside at the just concluded 2015 International Telecommunications Union (ITU) Telecoms World held in Budapest, Hungary.

The annual conference gathers together global players and regulators in the ICT sector to deliberate on new innovations, solutions and learn about best international practices.

Yunusa, explained that Nigeria have huge investment opportunities in its telecoms sector and other key sectors of the economy such as agriculture, mining and education, adding that he had been interacting with most investment groups in Hungary to key into it.

“We have been talking and interacting with different investment groups in Hungary on why they should invest in Nigeria. Some of them are well aware of the peaceful transition that happened in Nigeria.

“They are aware of the change mantra; they are aware of the fact that Nigeria guarantees safety of investment and high return on investment. I am sure that very soon we shall begin to see movement of high level investors from Hungary to Nigeria,” he said.

What to read next

Shittu: Nigeria to achieve 30% broadband penetration by 2018
Spain buys oil from Nigeria for 6.5 billion euros
Nigeria, West African countries to invest $250 billion in power