Business Briefs
GIVEN the contribution of telecommunications to Nigeria’s Gross Domestic Product, GDP, which stood at N1.549 trillion in the second quarter of 2017, representing 6.68 percent increase, up from the N1.452 trillion it contributed in the first quarter of the year, the Nigerian Communications Commission, NCC, has said that the telecoms sector has all it takes to attract quality foreign investment into the country.
The commission is poised to use the forthcoming ITU Telecoms World 2017, taking place in Busan, South Korea, from September 25-28, to also showcase the potential of Nigeria’s telecoms sector to attract more foreign investment to the sector.
Umar Danbatta, executive vice chairman, NCC, who is passionate about deepening the country’s broadband penetration as enshrined in the country’s Five-year National Broadband Plan (2013-2018), said NCC would use the event to also woo investors to invest in Nigeria’s broadband plan.
He noted that the broadband penetration in the country currently stands at 21 percent, as Nigeria is inching toward 30 percent penetration next year, which is in line with its national broadband target.
The organisers of ITU Telecom World 2017 said the stage was set for global ICT leaders to hold conversations and debates on topics spanning the role of data in smart digital transformation, 5G, achieving meaningful digital inclusion and more.
According to the organisers, the forum would feature smart innovation in the exhibition, with over 500 exhibitors to showcase latest Information and Communications Technologies, ICT, solutions and services that will shape the next generation of global leaders and digital experts.
The NCC is billed to host the Nigeria Investment Session at the forum, where it will further showcase the abounding opportunities for investment in the country, providing a platform for interactions between representatives of the Nigerian government, key industry players in Nigeria’s ICT and telecom sector, small and medium enterprises, SMEs, and innovators, and investors.
– Sept 22, 2017 @ 10:37 GMT /
Tags: Busan ICT NCC to woo Foreign Investors at ITU Telecom World 2017 Nigeria Investment Session South Korea Umar Danbatta
