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

Interswitch, Flutterwave, and Paystack exist because of the 2001 GSM licence auction. Before it, Nigeria had 400,000 phone lines for 120 million people. Four years later, it had 10 million mobile subscribers. Two decades later, it has Africa's largest fintech market.