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.”

 

Hot this week

Leadway Sustains Support to Nigeria’s Creative Economy with 4th Consecutive Sponsorship of Lagos Leather Fair

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

Insurance Meets Tech (IMT) Unveils 5th Edition for September 18, 2026

West Africa's leading insurance and technology conference, Insurance Meets...

Shell Appoints Elohor Aiboni as Executive VP, Country Chair Nigeria

Elohor Aiboni The incoming Executive Vice-President and Country Chair Shell Companies...

Heirs Insurance Group Extends Rewards Programme to Corporate Clients, Unlocking Lifestyle, Wellness Benefits for Employees

Heirs Insurance Group, Nigeria’s fastest growing insurance group, has...

Stanbic IBTC Pioneers Digital Supply Chain Financing in Nigeria through CycleFlow Partnership

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Topics

$3tr Emerging Markets Debt Threatens Global Economy

The International Monetary Fund (IMF) says emerging markets have over-borrowed over $3 trillion in debt, thus posing the greatest risks to the global economy amid a fifth straight year of slowing growth. "We estimate that there is up to $3 trillion in over-borrowing in emerging markets," Jose Vinals, a top IMF official, said in presenting the body's Global Financial Stability report at its Annual Meetings in Lima, Peru.

Vodacom Nigeria Deploys Intelsat 35e Satellite to Improve Internet Connectivity in Nigeria

L-R:  Hans Geldenhuys, Managing Sales Director, Intelsat Africa and Lanre...

MY VIEW:   It’s Time to Address the Issues!

By Haniel Ukpaukure In the next five months or so,...

ALSF Trains African Lawyers on Negotiating Economic Deals

The African Legal Support Facility has completed a two-day...

AIO Unveils New Strategic Plan to Transform into Centre of Competence

The new strategic plan, which redefines the strategic objectives...

Fidelity Bank Extends Relief Efforts to Eti-Osa Community with Food Bank Initiative

Henry Asiegbu, Divisional Head, Operations, Fidelity Bank Plc (Left);...

Fueling Young Minds & Big Dreams: AIICO Celebrates Children with Heartwarming Gifts

Right: Mrs. Abimbola Shobanjo, Manager, Corporate Responsibility and Sustainability,...

‘Insurance Sector Will Flourish in 2020’

Mr. O. S. Thomas Acting Commissioner for Insurance National Insurance Commission...