technology
technology

The auction that changed everything: How Nigeria’s 2001 GSM licence sale built the foundation of a tech economy

By the time Olusegun Obasanjo became president in May 1999, Nigeria’s telecommunications infrastructure was, for most of its 120 million citizens, functionally non-existent. From independence in 1960 to 2000, the number of active telephone lines nationwide had grown to just 400,000, at an annual...

Sade Ogunleye
BySADE OGUNLEYE-senior correspondent
Last Updated: 2026-04-24T03:16:26.376000
6 Min Read
The auction that changed everything: How Nigeria’s 2001 GSM licence sale built the foundation of a tech economy
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