A report by Moody’s Investors Service has said that Nigeria holds the key to the growth of telecom’s sector in in Sub Saharan Africa due to its large population and currently relatively low internet and mobile phone penetration. The firm said it expected the strong growth of the telecommunications sector in many SSA countries to continue over the next three to five years, supported by the region’s young and fast-growing population, relatively low mobile and even lower internet penetration rates, and growing adoption of smartphones. It also predicted that demand for telecom services would be broadened through the large under-banked population with mobile money solutions adding another source of revenue growth and customer loyalty.