Tinubu Hails Lebara Nigeria’s Launch, Says Telecom Sector Remains Key Economic Driver
President Bola Tinubu has welcomed the official launch of Lebara Nigeria, describing it as a strong vote of confidence in the country’s digital economy and its growing reputation as a leading technology and investment destination in Africa.
In a statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, the President said Nigeria’s telecommunications sector continues to serve as a major economic driver, recording a 5.78% year-on-year growth in the third quarter of 2025 and contributing over 14% to the nation’s Gross Domestic Product (GDP).
Tinubu commended the leadership and partners of Lebara Nigeria, particularly its Chief Executive Officer, Mrs Teniola Stuffman, for their commitment to expanding access to telecommunications services, creating jobs, and strengthening the country’s digital infrastructure.
He noted that investments of this scale are critical to deepening financial inclusion, enabling innovation, and accelerating sustainable economic growth.
The President also acknowledged the presence and support of the British High Commission, represented at the launch by the Deputy High Commissioner, Mr Jonny Baxter. He said the participation of the British diplomatic mission underscores the enduring economic and diplomatic ties between Nigeria and the United Kingdom.
According to Tinubu, collaborations of this nature reflect Nigeria’s openness to responsible foreign investment and strategic global partnerships capable of unlocking new growth opportunities.
He further recognised the contributions of the Chairman of the Advisory Board, Otunba Bimbo Ashiru, alongside other advisory board members, praising their leadership, expertise and confidence in Nigeria’s growth potential.
The President stated that initiatives such as Lebara Nigeria’s entry into the market would contribute significantly to job creation, youth empowerment, enterprise development and broader economic diversification.
Reaffirming his administration’s commitment to fostering a stable, transparent and investment-friendly business environment, Tinubu assured investors that Nigeria remains positioned as a destination where innovation and private enterprise can thrive.
He wished Lebara Nigeria success as it commences commercial operations and encouraged sustained collaboration between the public and private sectors to advance the nation’s digital transformation agenda.