Privatization, Liberalization, and Deregulation

Political economy of Huawei’s market strategies in the Nigerian telecommunication market

“…This decline reflects the competitive nature of Nigerian mobile telephony, but it also shows ‘higher customer spending – and a steady increase in the use of mobile data and Internet services’ (BMI Research, 2015: 18). Overall, ‘judging by the inflow of foreign capital’, improved telephony accessibility and government’s substantial generated revenue from auction of licenses, Nigeria’s telecommunication privatization exercise ‘reflects the revolutionary impact of liberalization policies on a continent that is notoriously underdeveloped in terms of the availability of modern infrastructure’ (Ogundimu, 2003: 594). In other words, the neoliberal-based restructuring of Nigerian telecommunication industry has created a spatial wave of temporal flow of foreign direct investment into the industry, and constituted a ‘new’ sector of capital accumulation for local and transnational firms.…”