NCC Plans Stakeholder Engagement on 5G in Lagos Nov 4

As part of activities lined up for the implementation of the Fifth Generation (5G) Technology Deployment Plan in the country, the Nigerian Communications Commission (NCC) is set to host a stakeholder engagement forum this week.
The forum will afford industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the upcoming auction of the 3.5 gigahertz (GHz) spectrum band.
Scheduled to hold at the Lagos Marriot Hotel, Ikeja, Lagos, Thursday, November 4, 2021 at 10:00 am prompt, the Commission has confirmed that the attendance at the event is open to all interested stakeholders in the telecoms sector and beyond.
The decision to host the stakeholder engagement is in keeping with the provisions of the Nigerian Communications Act (NCA) 2003 and NCC’s distinctive tradition of robust stakeholder consultation on all telecom regulation-related issues.
In June, the Commission inaugurated a committee to develop the IM for the auction of 3.5 GHz spectrum band, which will be utilized for early deployment of 5G technology services in the country.
The Information Memorandum (IM) is a comprehensive document, which defines the process emplaned by the Commission for the auctioning of the 3.5GHz spectrum band. It also provides information on the Nigerian telecommunications market, details of the spectrum to be made available, the pre-qualification process, the auction process as well as the indicative timetable.
The stakeholder engagement forum is, therefore, an important regulatory prerequisite for the planned auction of 3.5Ghz spectrum before the end of this year.
Accordingly, the Commissions has called on interested stakeholders and members of public to participate and make contributions to discussions around this important draft document.
In line with the objectives of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, and the positioning of Nigeria as an early adopter of digital technology as well as a major participant in the growing global digital economy, the successful and timely deployment of 5G is crucial for the country.
The 5G technology is expected to facilitate several emerging technologies, generate innovate new use cases, spur significant socio-economic growth and create jobs.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja

A high-level fireside dialogue between the Governor of the...

Stanbic IBTC Named Winner in Four Categories at Euromoney Awards for Excellence 2026

Stanbic IBTC, a member of Standard Bank Group, was...

NGX Group Delivers Record First-Half Performance, Announces ₦1.30 Interim Dividend

Revenue rises 118% as profit before tax increases 170%,...

DataPro: Beyond the Balance Sheet: A Thorough Approach to Ratings

“In today’s complex financial world, your creditworthiness is your...

NAICOM Pledges Support for Lagos State Building Insurance Scheme

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

Topics

Breaking News: Etisalat Now Open for Foreign Investment

Foreigners can now investment in Etisalat as the UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country's largest telco, Etisalat. There is however a 20 percent limit on how much of the company can be owned by foreigners. Currently, Etisalat is 60 percent owned by the government, with a 40 percent stake listed, but restricted to UAE nationals. "The federal government decided to lift the restriction of Etisalat stock ownership by local institutions, foreign institutions and expatriate individuals provided that such ownership does not exceed 20 percent," Etisalat said in a statement to Abu Dhabi Securities Exchange. Etisalat added that the Emirates Investment Authority (EIA) does not intend to reduce its 60 percent stake at the moment.

‘Africa Needs Blue Economy Strategy to Harness the Oceans’

The African continent needs to work together on a...

Union Bank Commemorates International Children’s Day with Barnyard Children’s Fiesta 

Yetunde Oni, Managing Director, Union Bank of Nigeria; (Centre)...

African Securities Exchanges Association Confab Reflects Strength of Continent’s Capital Markets

The African Securities Exchanges Association (ASEA), a premier association of 25 securities exchanges from across the continent—will hold its annual conference in Johannesburg from 15 – 17 November. ASEA President Oscar Onyema said that the theme of the conference—Africa Evermore: Growth for sustainability—embodied the potential, growth, and stability of Africa’s capital markets. The Johannesburg Stock Exchange (JSE), the continent’s largest and member of the World Federation of Exchanges (WFE), will host the conference.

Barclays Bank Confirms Exit from Africa

The British banking group Barclays has confirmed that it...

UBA Suffers Credit Rating Downgrade by Moody’s over High Risk Profile

The United Bank for Africa (UBA) Plc has suffered...

SEC, BOI, UBA Pledge Commitment to Growth of Non-Oil Sector

The Securities and Exchange Commission (SEC) has reiterated its...

NGX Group Chair, Umaru Kwairanga, Leads Industry Delegation to South Korea

Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img