The Nigerian Communications Commission (NCC) will not relent in the promotion of latest and emerging technologies to energise business and the sector in Nigeria for the benefit of the country and its citizens.
The Executive Vice Chairman of the Commission, Professor Umar Danbatta, stated this while speaking to a cross-section of stakeholders at the just-concluded Cyberchain Abuja 2022.
This was contained in a press release by the Director of Public Affairs of the Commission, Reuben Muoka.
Danbatta said the telecom sector has been a key booster of the Nigerian economic activities, transforming the way people live and work, as well as increasing efficiency in other sectors of the economy.
He said the Commission is committed to driving the deployment and adoption of emerging technologies to stimulate greater contribution of the sector to the economy.
These emerging technologies, he said, included Internet of Things (IoT), utilisation of value of Big Data, Blockchain, Robotics and Virtual Reality, FINTECH, Artificial Intelligence (AI), and Telemedicine and among others.
Danbatta said it is also gladdening that telecoms has been an enabler of Nigeria’s economic growth and development as it contributes substantially to the Gross Domestic Product (GDP).
“From $500 million investments in the sector as at 2001, the telecommunications industry has recorded over $70 billion investment till date.
“[This is] while the growth in the sector has been phenomenal, from some 400,000 functional phone lines in 2001 to over 209 million active mobile subscriptions, achieving a teledensity of 110 per cent, as at August 2022,” he said.
Danbatta said “The sector has provided over 500,000 formal and informal jobs for Nigerians.
“From an insignificant contribution to GDP in 2001, telecoms sector, as at the last quarter of 2021, contributed 12.61 per cent to GDP, while the Information and Communications Technology (ICT) sector as a group, has also contributed 18.44 per cent to GDP as at the second quarter of 2022.
“For us as a country to reap the full benefits of all these emerging technologies in ways that further spur growth in our national economy, NCC prioritises the need to improve and expand broadband infrastructure and the deployment of new technology such as the Fifth Generation of Mobile Communication (5G).
“Our efforts in diligently driving this will facilitate the actualisation of the set targets in the Federal Government’s digital economy policy,” he said.
Danbatta noted that, with the rapid digital transformation happening through telecommunication sector, the country will be in a better position to create alternate economy for diversification, innovation and creativity in e-commerce and digital entrepreneurship.
He added that a significant number of the populace will thus be empowered to become self-reliant and self-employed.
