Wednesday, December 17, 2025
29.8 C
Lagos

NCC: Regulatory Intervention Attracts $1bn Investment from Telecom Operators  

Mrs. Tolulase Omodele-Rufai

Deputy Director

Nigerian Communications Commission (NCC)

Lagos Zonal Office

The Nigerian Communications Commission (NCC) says its strategic intervention in terms of tariff adjustments that are both cost-reflective and competitively aligned with market realities has attracted over $1 billion in fresh investment from telecom operators as a result of investor confidence and healthy competition.

Dr. Aminu Maida, the Executive Vice-Chairman/CEO of NCC, said at the Business Journal Annual Lecture 2025 in Lagos that such resources are now driving network upgrades, infrastructure modernisation and wider national coverage.

Maida, who was represented by Mrs. Tolulase Omodele-Rufai, Deputy Director, NCC, Lagos Zonal Office, said:

“In just seven months, operators and tower companies have deployed more than 2, 900 additional capacity and coverage sites nationwide, significantly improving network strength and service availability.”

On the theme of the lecture: AI & Digital Economy: Projecting the Future of Economic Growth in Nigeria, Maida said AI is already reshaping productivity, services and inclusion.

“For Nigeria, the opportunities of AI are profound in the fields of agriculture, healthcare, creative industry, logistics and education etc. The economic opportunities in new jobs, new businesses, enhanced productivity and new value chains cannot be over-emphasised.”

The NCC EVC argued however that such opportunities are hinged on the availability of the right environment for AI to thrive in terms of resilient connectivity, infrastructure, vibrant ecosystem and ethical governance to drive its appropriate utililisation.

“As Nigeria’s telecom regulator, our mandate is to create an enabling environment for AI to thrive by way of regulations and guidelines to foster the ubiquitous delivery of quality telecommunication services across the country. Broadband is the backbone of AI. It is quality connectivity that makes the innovative potential of AI possible.”

Maida said the Commission has equally launched the Nigerian National Coverage Maps, which enable consumers to visualise coverage, speed and service availability nationwide. It also empowers consumers to make informed decisions, while giving operators the needed data to optimise performance.

“As we look into the future, we can be confident that Nigeria is taking the right steps. With resilient infrastructure, clear and transparent regulation and sustained protection of telecom assets, we can ensure that broadband is not only accessible and affordable, but also transformative. This is how we build a digital economy that is inclusive, secure and forward-looking; one where AI and innovation become catalysts for national prosperity.”

 

spot_img
spot_img
spot_img

Hot this week

CBN Liquidates Aso Savings and Loans, Union Homes Savings and Loans 

As part of its efforts to re-position the mortgage...

NDIC, NIBSS Plan MoU to Fast-track Reimbursement of Depositors

The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria...

Renowned Economist, Tony Epelle, Advocates $2tn Economy by 2030

L-R: Garba Kurfi, Managing Director/CEO, APT Securities and Funds...

NDIC: Notice to Depositors of Liquidated Aso Savings & Loans, Union Homes Savings & Loans

Following the revocation of the licenses of Aso Savings...

Topics

UBA Delivers N538bn PAT, Robust Balance Sheet in Q3 2025

Following its recently released half-year financials, Africa’s Global Bank...

Adeosun: PPP Model to Drive Infrastructure Plan

The Minister of Finance, Mrs. Kemi Adeosun said at...

Much Ado About Cybersecurity

By Elvis Eromosele These terms: cyberspace, cybercrime, cyberattacks and cybersecurity...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

NCDMB, UBEC Explore Opportunities for Capacity Building, Support for Basic Education

L-R: Executive Secretary, Universal Basic Education Commission (UBEC), Dr...

GT Bank Sponsors 2018 Lagos Int Polo Tournament

Some of the most renowned indigenous and international polo...

‘Accugas is not Responsible for Power Outage in Akwa Ibom State’

Accugas Limited, a subsidiary of Savannah Energy, wishes to...

Africa Nominates Zimbabwe’s Tourism Minister, Mzembi, for UN – WTO Secretary-General

African nations have nominated a Zimbabwean, Dr. Walter Mzembi, as...
spot_img

Related Articles

Popular Categories

spot_imgspot_img