GLOBALIZATION AND ECONOMIC DEVELOPMENT AND ITS EFFECTS ON THE TELECOMMUNICATIONS INDUSTRY IN NIGERIA: AN EMPIRICAL INSIGHT OF AIRTEL NIGERIA

Abstract

Globalization is broadly characterized by the emergence of a global village activities for the whole world in which all peoples in all nations of the world are drawn together into increasingly closer and mutually beneficial, political, industrial, financial, scientific, technological and cultural relationships. This paper closely assessed globalization and economic development and its effects on the telecommunications industry in Nigeria, drawing an empirical insight from Airtel Nigeria Limited. To collect the desired data for this research work, four methods were used, these include, documentary, observations, questionnaires and personal interviews. In the analysis of the data collected, the study made use of descriptive and inferential statistics. The findings of the study were drawn from the data presented and analysed and their implications were discussed relative to all stakeholders. It was confirmed that Airtel Nigeria Limited have survived all manner of financial emasculation and changes in management and have endeared themselves to Nigerians as a telecommunication company of choice. Part of this findings delved into why and how Airtel Nigeria Limited was able to achieve this despite tough competitions from other telecommunication companies already in the industry before their arrival, particularly MTN Nigeria Limited.