FG Moves to Review MTN–IHS Transaction as Telecom Infrastructure Mergers Accelerate

Story: Written by Myra February 18,2026
The Federal Government has announced plans to conduct a thorough review of the proposed transaction between MTN Group and IHS Towers, signalling closer regulatory oversight as consolidation intensifies in Nigeria’s telecom infrastructure market.
In a statement issued by Bosun Tijani, Minister of Communications, Innovation and Digital Economy, the government said it is assessing recent developments in collaboration with relevant regulators, citing the sector’s importance to national security, economic expansion, and digital inclusion.
The review comes as Nigeria’s telecom industry stabilises after a challenging period marked by foreign exchange pressures, rising costs, and heavy dollar liabilities. Recent financial reports show improved profitability and renewed capital spending, reflecting stronger operational footing and growing investor confidence.
While the government did not oppose the deal outright, it emphasised that any market restructuring must align with Nigeria’s digital economy priorities under President Bola Ahmed Tinubu’s Renewed Hope agenda. Officials noted that consolidation will be evaluated against competition, infrastructure access, and consumer protection benchmarks.
Telecom towers remain central to Nigeria’s digital ambitions, supporting mobile services, broadband rollout, fintech, and emerging technologies such as 5G and cloud platforms. Analysts say changes in ownership could influence pricing, competition, and service quality, making regulatory scrutiny unavoidable.
The ministry reiterated its commitment to a transparent and stable policy environment—welcoming investment while ensuring safeguards against excessive market concentration. The outcome of the MTN–IHS review is expected to shape future telecom infrastructure deals as Nigeria deepens broadband penetration and strengthens digital resilience.