NCC says telecommunication investment has hit $25billion

Nigerian Communications Commission NCC says Investment in the telecommunication industry is in the region of $25billion.

The NCC Director General Eugene Juwah, added that there are over 113million telephone lines, compared with about 450,000 active lines powered by a worthless $500million investment portfolio in year 2000.

Juwah, who spoke during the send off dinner for the former NCC board, said the number portability project will take off by the end of the month.

Number portability enables telephone users to retain their mobile telephone numbers when changing from one mobile operator to another.

He also explained that the project which has already been in operation in Europe and Asia, was delayed by some factors which have now been addressed.