Business
…as telecoms remains key to economic diversification in Nigeria
PROF. Umar Danbatta, executive vice chairman, Nigerian Communications Commission, NCC, has described as key the role of telecommunications to the diversification of the nation’s economy.
Danbatta made this assertion in his presentation to Course 29 Participants at the National Defence College, Nigeria, recently.
Speaking on a theme, “The Telecommunications Industry and National Development in Nigeria: The Roles of the NCC in Promoting Digital Economy”, he said, telecoms sector is the life-wire that will drive the National Digital Economy Policy and Strategy (NDEPS) of the Federal Government.”
He noted that the sector plays a dual role of contributing to the Gross Domestic Product, GDP, and being an enabler to other sectors of the economy.
“Telecommunications is key to the diversification of the Nigerian economy, as the telecom sector played a dual role of contributing to the Gross Domestic Product (GDP) and being an enabler to other sectors of the economy,” he said.
He said that the commission remitted over N362.34 billion as revenue in five (5) years to the Federal Government’s consolidated revenue account.
He listed fixed broadband Infrastructure gap, Right of Way (RoW), Foreign Exchange, Vandalism of telecoms infrastructure, Electric Power Supply, Multiple Taxations and regulations as some of the challenges bedeviling the industry.
On fixed broadband infrastructure gap, he said, the commission will bolster the exiting fibre optic infrastructure across the country by 38,296 km through the Infrastructure Companies (InfraCo) project Initiative.
Danbatta’s paper delved into a range of issues, including the correlation between broadband and GDP, telecom contribution to national development, telecom investment trend in Nigeria, telecom contribution to digital economy, conceptualisation of digital economy, among others.
