Pan African Towers, a Nigerian telecommunications infrastructure provider, has appointed Oladipo Badru as its acting Chief Executive Officer. Badru, who previously served as the company's Chief Financial Officer, took over the role in November 2024, succeeding Azeez Amida, who resigned after two and a half years as Managing Director and CEO to pursue other opportunities.

In a statement, Adefolarin Ogunsanya, Chairman of Pan African Towers, acknowledged Amida's contributions to the company's growth, stating, "We wish him well in his future endeavors. Badru will work closely with the executive management team to ensure continuity, and we are confident in his leadership and commitment to our mission."

With Badru at the helm, Pan African Towers aims to strengthen its position in the competitive telecom tower infrastructure market, currently dominated by IHS Towers, American Tower Corporation (ATC), and Helios Towers. The company currently owns 764 active towers across Nigeria, serving over 1,200 tenants, including mobile network operators (MNOs) and internet service providers (ISPs) like 9mobile, ntel, Bitflux, Spectranet, and Smile Communications.

In a significant development, Pan African Towers secured undisclosed funding from Development Partners International (DPI) and Verod Capital on November 27 to accelerate its growth. The fund will help the company address Nigeria's infrastructure gap, with plans to triple its tower footprint in the coming years. The company will also explore acquisitions and partnerships to further expand its reach.

The appointment of Badru as acting CEO and the recent funding injection are strategic moves to position Pan African Towers for growth in the competitive telecom market. As the company navigates the challenges of infrastructure development in Nigeria, Badru's leadership and expertise will be crucial in driving the company's mission forward.

The telecom tower infrastructure market in Nigeria is highly competitive, with several players vying for market share. Pan African Towers' ability to secure funding and appoint a seasoned executive like Badru as CEO demonstrates its commitment to remaining a key player in the market. As the company embarks on its growth strategy, industry watchers will be keenly observing its progress and impact on the Nigerian telecom landscape.