President Tinubu Welcomes UK Telecom Giant Lebara's Launch in Nigeria
President Bola Tinubu has officially welcomed the launch of UK-backed telecommunications operator Lebara Nigeria, describing the development as a significant endorsement of Nigeria's expanding digital economy and its position as Africa's leading technology and investment destination. The President's statement was issued through his Special Adviser on Information and Strategy, Bayo Onanuga, highlighting the growing global confidence in Nigeria's reform-driven business environment.
Telecom Sector Driving Economic Growth and Digital Inclusion
President Tinubu emphasized that fresh investments in telecommunications would accelerate connectivity, stimulate healthy competition, and expand opportunities for millions of Nigerians across the country. He identified the telecommunications sector as one of Nigeria's strongest economic pillars, noting that the industry recorded a 5.78 percent year-on-year growth in the third quarter of 2025 and contributes more than 14 percent to Nigeria's Gross Domestic Product.
Sustained investment in telecom infrastructure is vital for economic expansion, digital inclusion, and innovation, according to the President. By widening access to mobile and data services, operators such as Lebara can support financial inclusion, empower small businesses, and unlock new pathways for young entrepreneurs in the digital space. "Investments of this nature are critical to deepening financial inclusion, enabling innovation, and accelerating economic growth," President Tinubu stated.
Job Creation and Youth Empowerment Opportunities
The President commended the leadership of Lebara Nigeria, particularly Chief Executive Officer Mrs. Teniola Stuffman, for steering the company's entry into one of Africa's most competitive telecom markets. He also praised the firm's partners and Advisory Board Chairman, Otunba Bimbo Ashiru, for demonstrating faith in Nigeria's economic potential.
Tinubu expressed optimism that the new entrant would create substantial employment opportunities, support youth empowerment initiatives, and contribute to enterprise development across various sectors. He added that expanding digital infrastructure will play a crucial role in diversifying the economy away from oil dependence while fostering a knowledge-driven future for Nigeria.
With Nigeria's youthful population and rapidly expanding internet access, the President emphasized that strategic investments in connectivity are essential for sustaining long-term economic growth and development.
Strengthening Nigeria-UK Bilateral Relations
The launch event also underscored the strong bilateral relations between Nigeria and the United Kingdom. President Tinubu acknowledged the support of the British High Commission, represented at the event by Deputy High Commissioner Jonny Baxter, describing the collaboration as evidence of deepening economic and diplomatic ties between the two nations.
He noted that partnerships between Nigerian institutions and international investors send a clear signal that the country remains open to responsible foreign investment and global cooperation in the technology and telecommunications sectors.
Commitment to Stable Business Environment
Reaffirming his administration's commitment to economic reforms, President Tinubu pledged to maintain a stable and transparent regulatory climate that encourages private enterprise and innovation. He urged stronger public-private partnerships to drive Nigeria's digital transformation agenda and technological advancement.
The President concluded by wishing Lebara Nigeria success in its commercial operations, expressing confidence that the company's presence will enhance market competition, improve service delivery standards, and further solidify Nigeria's reputation as a prime investment destination in Africa's technology landscape.
Lebara's Market Entry Strategy
Lebara Nigeria, a subsidiary of London-headquartered mobile virtual network operator Lebara Group, has taken significant steps toward full commercial operations in Nigeria with the launch of a nationwide Agent Registration Portal. The company is focusing on building retail presence, distribution capacity, and brand awareness ahead of full-scale operations, with network launch activities expected to continue through 2026.
This strategic market entry follows infrastructure investments and market preparations that extended beyond initial 2025 rollout plans, demonstrating the company's commitment to establishing a strong foundation in Nigeria's competitive telecommunications market.
