The deregulation of the Telecoms industry is crucial to the growth of the country, the liberalization of same from the monopoly of the erstwhile government owned industry has fast-tracked private ownership and involvement in Telecoms in Nigeria as there are many GSM (Global system of mobile communications) operators. This study examines the Legal framework for the Telecoms industry from the inception of the telecommunication industry in Nigeria till the present time, it also analyze the role of the regulatory Agencies in charge of Telecoms in Nigeria. This work will adopt the doctrinal method of research, placing reliance on both primary and secondary sources of information at the end the study makes recommendations.