President Bola Ahmed Tinubu has welcomed the official commencement of operations for Lebara Nigeria. He stated that this new telecommunications firm's entry into the market is a strong affirmation of confidence in Nigeria's digital economy and its increasing prominence as a prime destination for technology investments across Africa.
Speaking on Saturday via a statement from his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, the President highlighted the telecommunications sector's crucial role as a key economic engine for Nigeria. He noted its consistent performance, including a year-on-year growth of 5.78 per cent in the third quarter of 2025, and its substantial contribution of over 14 per cent to the nation's Gross Domestic Product (GDP).
President Tinubu extended congratulations to the leadership of Lebara Nigeria, including its Chief Executive, Mrs. Teniola Stuffman, and their partners. He acknowledged their dedication to expanding access to telecommunications services, fostering job creation, and reinforcing Nigeria's digital infrastructure.
The President emphasized that such investments are vital for enhancing financial inclusion, encouraging innovation, and accelerating sustainable economic development.
He further commented that the arrival of Lebara Nigeria reflects a growing trust from investors in the economic reforms his administration is actively implementing to ensure stability and promote growth driven by the private sector.
President Tinubu also recognized the presence and support of the British High Commission, represented by Deputy High Commissioner Mr. Johny Baxter at the launch event. He pointed out that this participation underscores the robust and long-standing economic and diplomatic relationship between Nigeria and the United Kingdom.
He stated that partnerships of this nature demonstrate Nigeria's welcoming stance towards responsible foreign investment and its pursuit of strategic global collaborations that yield tangible benefits for its citizens.
The President also acknowledged the contributions of the Chairman of the Advisory Board, Bimbo Ashiru, and other members of the board for their guidance, expertise, and conviction in Nigeria's potential for growth.
He reiterated that initiatives like Lebara Nigeria are poised to significantly contribute to job creation, youth empowerment, the development of enterprises, and the overall economic diversification efforts, especially within the rapidly evolving digital landscape.
Reaffirming his administration's commitment to cultivating an environment that is stable, transparent, and attractive to investors, President Tinubu assured all investors of continued support for innovation and private sector endeavors.
He concluded by wishing Lebara Nigeria success as it begins its commercial operations and encouraged ongoing collaboration between the public and private sectors to propel Nigeria's digital transformation agenda forward.
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