Tuesday, May 20, 2025
27.8 C
Lagos

Danbatta Advises Businesses to Adjust with Disruptive Technologies

L-R: John Odeyemi, Chairman, Board of Trustees and past President, Lagos Chamber of Commerce and Industry (LCCI); Dr. Michael Olawale-Cole, President & Chairman of Council, LCCI; Alkasim Umar, Director, Consumer Affairs Bureau, Nigerian Communications Commission (NCC); Gabriel Idahosa, Deputy President, LCCI; Prof. Muhammed Abubakar, Managing Director, Galaxy Backbone Limited and  Leye Kupoluyi, Vice President, LCCI, during the 9th edition of the Information, Communication Technology and Telecommunications (ICTEL) Expo hosted by LCCI in Lagos.

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability.

He told industry leaders and Information and Communication Technology (ICT) innovators, who gathered at the 2023 edition of the Information, Communication, Technology and Telecommunications (ICTEL) expo organised by the Lagos Chamber of Commerce and Industry (LCCI) in Lagos, that advancements made in the global ICT industry have become business and enhancing.

Danbatta, who was represented by the Director of Consumer Affairs Bureau at the Commission, Mr. Alkasim Umar, said technology has always played a significant role in shaping the world people live in. He, however, said that in recent years, advancements have accelerated at an unprecedented rate.

The NCC helmsman said as the world grapples with the 4th Industrial Revolution driven by the Internet, advancements in many facets of ICTs, are fundamentally changing all aspects of people’s lives and reshaping economic, social and cultural paradigms across the world.

He listed such disruptive technologies to include Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Blockchain Technology, Virtual Reality (VR), Augmented Reality (AR), Fifth Generation (5G) and other emerging technologies which have demonstrated the potential of transforming industries and business models.

“Today, we find ourselves amid a digital revolution, where the boundaries between physical and virtual worlds are blurring.  So, as we navigate the era of tech disruptions, it is crucial for businesses to embrace innovation and adapt to the changing landscape. Companies that are agile and willing to experiment with these emerging technologies will gain a competitive advantage in their respective industries,” Danbatta said.

The NCC CEO further assured that the NCC’s strategic management plan represents the Commission’s commitment to leveraging technology and innovation to transform industries and drive positive change. “By embracing tech disruption, we are empowering individuals, businesses, and communities to thrive in the digital age. Together, let us build a Nigeria where technology is a catalyst for inclusive growth, innovation flourishes, and the benefits of connectivity reach every Nigerian,” the EVC said.

President of LCCI, Dr. Michael Olawale-Cole, who appreciated the Commission’s efforts in providing a predictable telecom regulatory environment, noted that the theme of this year’s edition of the ICTEL Expo had been carefully chosen considering the far-reaching impact disruptive technologies are having on businesses around the world.

NCC’s Zonal Controller, Lagos, Engr. Yomi Arowosafe, who was part of the team to the well-attended ICT Expo, received an LCCI Appreciation Award presented to Prof. Danbatta, by the Vice President of LCCI, Leye Kupoluyi, in recognition of Danbatta’s contribution towards the success of the 2023 ICTEL Expo held on July 25 – 26, 2023 in Lagos.

spot_img
spot_img
spot_img

Hot this week

CBN Reassures Public on Banking Sector Stability

The attention of the Central Bank of Nigeria (CBN)...

Insurance Industry Unveils 3-Month Third Party Media Campaign

The insurance industry in Nigeria has unveiled a 3-month...

Nigeria Outlook: Inflation to Increase in the Near Term

Cordros Securities has predicted increase in the inflation rate...

BudgIT Flags 2025 FG Budget as Opaque on Revenue Stream

BudgIT, a prominent civic-tech organisation promoting transparency and accountability...

Topics

Global Insurance Industry to Recover Strongly from COVID-19 Decline-Sigma Report

The insurance industry is set to overcome this year’s...

GTBank Reports N200.24bn Profit in 2017

Guaranty Trust Bank Plc has released its audited financial...

GE Partners African Leadership Varsity to Empower African Professionals with Digital Skills

·         This paradigm shift in industrial thinking will allow...

World Bank Report: Digital Payments Vital To Economic Growth

• Gates Foundation, Better Than Cash Alliance urge Governments...

NAICOM Boss Visits Aviation Minister to Discuss Issues of Industry Growth

The Commissioner for Insurance and Chief Executive of the...

NSE Unveils Interpretative Guidance on Index Circuit Breakers’ Rule

The Nigerian Stock Exchange has announced that it has...

How MTN’s Financial Woes Highlight the Challenges of Doing Business in Nigeria 

  By Elvis Eromosele  Doing business in Nigeria is tough. While...

SENATE: AMCON Needs More Support on N5tr Debt Recovery Drive

Ahmed Kuru Managing Director/CEO AMCON The Chairman Senate Committee on Banking, Insurance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img