The deployment of fifth generation technology has got a boost as the Federal Government through the Central Bank of Nigeria has placed the telecommunication sector on the priority list for access to foreign exchange.
The CBN’s decision means telcos can now access adequate forex to acquire major equipment from overseas for 5G deployment, and enhance their other forex-related activities. However, in an interview with our correspondent on Thursday, Adebayo said the CBN’s latest decision meant telcos could access adequate forex to fulfill their international obligations and invest in infrastructure as well.
“This will allow players to honour our international obligations. As you are aware, international traffic is exchanged with foreign countries, so operators can honour the obligations , all of those activities which supply support for the industry are denominated in foreign exchange.
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