THE Nigerian Communications Commission, NCC, is urging investors to invest in the Nigeria’s telecom sector, saying the country has the biggest investment opportunities in telecom market in Africa and can guarantee adequate returns on Investments.

At the ongoing ITU Telecom World 2017, in Busan, South Korea, Umar Danbatta, executive vice chairman, NCC, said the country came to tell the information communications and technology, ICT, community that Nigeria with a population of about 170 million is a preferred investment destination in Africa. He stated that with over 150 million active subscribers, in the voice segment, over 102 percent teledensity and a little over 92 million internet connections, Nigeria is indeed a place to invest.

“Our country, Nigeria is proud to be a part of the ITU in whose activities we always actively participate. We come to the ITU Telecom World every year to tell our story, share our experiences and borrow a leaf from global best practices to address our concerns, engage and collaborate with the global community to strengthen the growth and impact of the Nigerian Telecoms Industry.

“We, therefore, come to enlist the support of other players, governments, regulators and the global community from whom there is always a basket of ideas to take back home to Nigeria.  The implementation of these ideas will ensure a better regulatory environment, even though ours has been seen as a very robust and consultative regulatory agency right from 2001 when the Digital Mobile Licences, DML, were issued.

“The spirit of cooperation and consultation is very high at ITU Telecom World events. While it is true that different people come with different notions to ITU Telecom World, the end result is to better serve our people, deploy resources to address access gaps in underserved and unserved communities in our various jurisdictions. Our engagement with the global community during this event will include creating awareness of the investment opportunities in Africa’s biggest telecom market, as well as guarantee of adequate returns on investments, RoI,” he said.

According to Danbatta, the world is already in the era of Internet of Things where every sector of the economy will depend on telecoms infrastructure to maximally operate. He also said that all sectors of every national economy have become dependent on the telecommunications sector and failure on the sector would have far reaching negative ramifications to other sectors hence the need to build capacity in the sector.

Sept. 27, 2017 @ 17:46 GMT |