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Nigeria’s Telecom Sector to Face $870m Investment Decline by 2026

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By Abaire Bisola 

Nigeria’s telecommunications industry is projected to suffer an $870 million decline in capital expenditure by 2026 due to an 11-year delay in tariff adjustments, according to an internal MTN Nigeria document obtained by The PUNCH.

The downturn is expected to hinder infrastructure expansion, technology upgrades, and new service rollouts.

Capital investments in the sector fell from $1.41 billion in 2022 to $1.16 billion in 2023 and are forecasted to drop further to $470 million by 2025.

By 2026, spending is expected to reach just $500 million, an 18% decline from 2022 levels.

The funding gap is largely attributed to telecom operators’ inability to raise tariffs, limiting their capacity to cover operational costs and invest in network expansion.

In response, the Nigerian Communications Commission (NCC) has approved a 50% tariff increase, the first in over a decade.

Set to take effect in February 2025, the adjustment aims to boost investment and stabilize the sector.

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Hope Restored as Dayo Israel’s Ally Donates ₦8M for 8-Year-Old Girl’s Surgery

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By Patrick Idowu
A wave of relief and joy swept through the Federal Medical Centre (FMC), Abeokuta, as an ally of Mr. Dayo Israel, the newly appointed Chairman of the hospital, donated ₦8 million to fund the open-heart surgery of an eight-year-old girl in dire need of medical intervention.

The generous donation was made by Mr. Ola Ayilara, the Chief Executive Officer of LANDWEY Investment, during a courtesy visit to the hospital.

In addition to covering the child’s surgery costs, Ayilara pledged to construct and maintain a new laboratory facility for the medical center, further demonstrating his commitment to improving healthcare infrastructure.

Commending the act of philanthropy, Mr. Dayo Israel described the donation as a remarkable gesture of giving back to society.

He reiterated the new hospital board’s dedication to revitalizing FMC Abeokuta, ensuring improved healthcare services and better medical outcomes for patients.

The timely intervention not only secures a second chance at life for the young girl but also underscores the impact of corporate social responsibility in strengthening Nigeria’s healthcare system.

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U.S. Embassy in Abuja, Lagos to Close for Presidents’ Day

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By Abaire Olanlesi 

The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 17, 2025, in observance of Presidents’ Day.

In a statement posted on X (formerly Twitter) on Sunday, the U.S. diplomatic mission confirmed the temporary closure, noting that normal operations would resume on Tuesday, February 18, 2025.

Presidents’ Day, celebrated annually on the third Monday of February, honors past and present U.S. leaders. While the embassy and consulate will suspend routine operations, essential services will remain available through emergency contact channels.

The U.S. mission advised Nigerians seeking visas or consular assistance to plan their visits accordingly, as regular consular services will resume after the holiday.

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Bishop Wale Oke Re-elected as PFN President, CAN Commends Leadership

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By Njoku Chijioke 

The Christian Association of Nigeria (CAN) has extended its congratulations to Bishop Wale Oke following his re-election as the National President of the Pentecostal Fellowship of Nigeria (PFN).

His re-election was confirmed during the 18th Biennial Conference of the PFN, held in Abuja on February 11, 2025.

In a statement, CAN President, Archbishop Daniel Okoh, lauded Bishop Oke’s leadership, describing his re-election as a testament to the confidence and trust vested in him by the Pentecostal community.

He commended Oke’s humility and accessibility, qualities that have distinguished his service to the Church.

Bishop Oke’s first term saw notable achievements, including fostering unity among Pentecostal

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