Monday, October 20, 2025
29.3 C
Lagos

NCC Pegs 5G Reserve Price at N75bn as Stakeholders Applaud Process

The Nigerian Communications Commission (NCC) has fixed the sum of N75 billion as the reserve price for existing and potential network operators seeking entry into the emerging 5G business in Nigeria.
At the stakeholders’ engagement forum on the spectrum in Lagos, Professor Umar Danbatta, Executive Vice-Chairman/CEO of NCC said the coming deployment of the 5G network will complement the nation’s march towards digital economy.
Meanwhile, various stakeholders in the telecom have applauded the NCC for the transparent process.
Engineer Gbenga Adebayo of ALTON said the Association has already keyed into the vision of the NCC in terms of the deployment. He also appealed to the Commission to show concern on the issue of cost to subscribers.
Adebayo assured the public that the 5G network is safe as the science behind it does not pose any kind of danger to members of the public.
In the same vein, Mrs. Abimbola Alale of NigComSat commended the Commission for providing an enabling environment for the telecom sector to thrive in Nigeria.
She added that the transparency of the regulatory policies of the NCC has attracted billions of dollars in terms of Foreign Direct Investment (FDI) into the country as well created millions of direct and indirect jobs.
The NigComSat chief executive said her organisation is firmly in support of 5G deployment in Nigeria.

spot_img
spot_img
spot_img

Hot this week

When Transparency Becomes Luxury: INEC and ₦1.5bn FOI Controversy

By Chike Walter Duru When the Independent National Electoral Commission...

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

  No fewer than 578 young entrepreneurs across Nigeria have...

Polaris Bank Reinforces Commitment to Exceptional Customer Experience at Global Trade Forum in Ibadan

Chris Ofikulu, Executive Director, Retail & Commercial Banking, Polaris...

Fidelity Bank Bags Awards for Best Export, Trade Support and Innovation

  Fidelity Bank’s market leadership has been affirmed once again...

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Topics

Delphine Maïdou is Insurance CEO of the Year

Delphine Traoré Maïdou, regional COO for Allianz in Africa,...

JAMB Registrar, Prof Oloyede to Chair 2023 GOCOP Conference in Abuja

The Registrar of Joint Admissions and Matriculation Board (JAMB),...

‘Insurance Sector Will Grow in 2017’

Mutual Benefits Assurance Plc recently celebrated its 21st anniversary...

NCC Confirms 5 Bidders for 9Mobile

Prof. Umar Danbatta, Executive Vice-Chairman, NCC The Nigerian Communications Commission...

Olashore Alumnus, Falana, Wins 2016 BET Awards

An Olashore International School Alumnus, Mr. Folarin Falana, popularly...

Akwa Ibom: Sustainable Development in Nigeria’s Prime Investment Destination

Seen from afar, Nigeria is one large African nation...

NNPC Retail Debunks ‘Lubricants-for-Petrol’ Claims

The attention of NNPC Retail Limited has been drawn...

Kyari Urges Military to Sustain Onslaught Against Crude Oil Theft

GCEO, NNPC Limited, Mr. Mele Kyari (9th from right) and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img