Business
New international mobile services provider begins operation in Nigeria
A sign that Nigeria’seconomy is gradually stabilising was again confirmed at the weekend when Lebara Nigeria, a new communication service, was launched.
Lebara is an established international telecommunications brand known for providing affordable mobile services across Europe, the Middle East and Asia.
President Bola Ahmed Tinubu welcomed the official launch of Lebara Nigeria, describing the development as a strong vote of confidence in Nigeria’s digital economy and its growing status as a leading technology and investment destination in Africa.
In a statement issued on Saturday by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, the President said Nigeria’s telecommunications sector remains one of the country’s most vibrant economic drivers, recording a 5.78 per cent year-on-year growth in the third quarter of 2025 and contributing over 14 per cent to the nation’s Gross Domestic Product (GDP).
Tinubu congratulated the leadership and partners of Lebara Nigeria, particularly its Chief Executive, Mrs Teniola Stuffman, for their commitment to expanding telecommunications access, creating employment opportunities and strengthening Nigeria’s digital infrastructure.
According to the President, investments of this nature are crucial to deepening financial inclusion, fostering innovation, and accelerating sustainable economic growth.
Lebara Nigeria’s entrant signals growing investors’ confidence in the reforms being implemented by his administration to stabilise the economy and promote private sector-led development.
Tinubu also acknowledged the presence and support of the British High Commission, represented at the launch by the Deputy High Commissioner, Mr Johny Baxter, saying the participation underscores the enduring economic and diplomatic ties between Nigeria and the United Kingdom.
He stated that such collaborations reflect Nigeria’s openness to responsible foreign investment and strategic global partnerships that deliver tangible benefits to citizens.
The President further recognised the contributions of the Chairman of the Advisory Board, Otunba Bimbo Ashiru, and other advisory board members for their leadership, expertise and belief in Nigeria’s growth potential.
He emphasised that initiatives like Lebara Nigeria will significantly contribute to job creation, youth empowerment, enterprise development, and broader economic diversification, particularly in the rapidly evolving digital space.
Reiterating his administration’s commitment to fostering a stable, transparent and investment-friendly environment, President Tinubu assured investors of continued support for innovation and private enterprise.
He wished Lebara Nigeria success as it commences commercial operations and encouraged sustained collaboration between the public and private sectors to advance Nigeria’s digital transformation agenda.