In a formal statement released by the Presidency, President Bola Tinubu has hailed the entry of Lebara Nigeria into the telecommunications market as a significant milestone for the nation’s digital economy. The President characterized the investment as a clear indicator of the success of his administration’s economic reforms and a testament to the growing confidence of the international private sector in Nigeria’s stability.
The Telecommunications Sector as an Economic Pillar
President Tinubu emphasized the strategic importance of the telecom industry, citing its role as a primary engine for national prosperity. Key performance indicators mentioned include:
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Sectoral Growth: A robust 5.78% year-on-year growth recorded in Q3 2025.
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GDP Contribution: The sector now accounts for over 14% of Nigeria’s Gross Domestic Product (GDP).
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Economic Impact: Beyond connectivity, the sector is viewed as a catalyst for financial inclusion and the acceleration of the creative economy.
Commendation of Leadership and Strategic Partnerships
The President extended his congratulations to the leadership of Lebara Nigeria, specifically acknowledging Mrs. Teniola Stuffman (CEO) and Otunba Bimbo Ashiru (Chairman of the Advisory Board). He praised their expertise and their commitment to:
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Expanding Access: Bridging connectivity gaps across the country.
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Job Creation: Providing new employment opportunities for the Nigerian youth.
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Infrastructure Strengthening: Enhancing the quality and reach of the nation’s digital footprint.
Diplomatic and Global Implications
The launch also served to highlight the enduring diplomatic and economic relationship between Nigeria and the United Kingdom. The President noted the presence of the British Deputy High Commissioner, Mr. Johny Baxter, stating that such high-level support underscores the value of strategic global partnerships.
This collaboration reflects Nigeria’s “open for business” policy, inviting responsible foreign investment that provides tangible benefits to the citizenry while fostering a more diversified, private sector-led economy.
Strategic Outlook
The Presidency views initiatives like Lebara Nigeria as vital components of a broader strategy for economic diversification. By fostering innovation within the digital space, the administration expects to empower young entrepreneurs and build a sustainable, tech-driven future for the nation.
