Sunday, October 19, 2025
24.4 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

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

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

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

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...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

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

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

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

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...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

NCC: The Road to Broadband, Internet Connectivity for Businesses, Individuals

Barrister Adeleke Adewolu
Executive Commissioner
Stakeholder Management
Nigerian Communications Commission

The Nigerian Communications Commission (NCC) has explained some of the key measures it is taking to ensure Broadband and Internet connectivity impact businesses and individual telecom users in Nigeria.
The Commission has also stated how instrumental the ongoing implementation of the new Nigerian National Broadband Plan (NNBP), 2020-2025 and its Strategic Vision Plan (SVP), 2021-2025 can drive development of new technologies and local content in Nigeria.
According to the Executive Commissioner, Stakeholder Management (ECSM) at NCC, Adeleke Adewolu, who spoke at a breakout session at the recent 2021 Annual General Conference of the Nigerian Bar Association, which took place in Port Harcourt, one of the key policy instruments that guide the development of the sector is the NNBP.
“The Nigerian National Broadband Plan (NNBP), 2020-2025 has four critical pillars which are: Infrastructure, Policy, Demand Drivers and Funding/Incentives,” he said.
He asserted that the NNBP is unique in many respects. One is the fact that it clearly defines ‘broadband’ for Nigeria as “connectivity delivering a minimum of 10 Mbps in rural areas and a minimum of 25 Mbps in urban areas to every Nigerian at an affordable price and quality.”
On the other hand, he said the Strategic Vision Plan (SVP) 2021-2025 is a template developed by the NCC to streamline regulatory focus for better efficiency, in alignment with relevant policy instruments.
“For the next five years, the Commission is focusing its energies on five strategic pillars. These are: Organizational renewal for operational efficiency and Regulatory excellence; Provision of infrastructure for a digital economy which fosters national development; Improved Quality of Service (QoS) for enhanced Consumer Quality of Experience (QoE); Promotion of fair competition, inclusive growth, increased investment and innovative services; and Strategic Collaboration and Partnership,” he emphasised.
Adewolu declared that “the impact of connectivity on businesses and the economy, in terms of the impact of internet connectivity on businesses and the national economy is well documented.” He recalled that 10 per cent increase in mobile broadband penetration results in approximately 0.6 per cent to 2.8 per cent rise in Gross Domestic Product (GDP).
Furthermore, he affirmed that everyone is a witness to the revolutionary impact of the internet connectivity for agriculture, health, education, information and communication, as well as entertainment. This is besides notable revolution in banking and financial services as we can see in the deployment of Automated Teller machines (ATMs) and banking software.
“All industries now rely on internet connectivity provided by our mobile networks to function, such that it is impossible to imagine life without connectivity. In concrete terms, the Nigerian telecommunications industry has continued to lead national economic growth,” he said.
According to him, in recent years, the telecoms sector has consistently driven the growth of the Nigerian economy and has provided critical infrastructure powering the digital transformation of practically all spheres of life.
Adewolu said that in the second quarter of 2021, the Information and Communication Technology (ICT) sector sustained its growth trajectory and contributed 17.9 per cent to national GDP. He attributed this to the growth in the telecoms sub-sector. “This trend demonstrates how much our industry is supporting the achievement of Government’s drive to diversify Nigeria’s economy and to ensure inclusive growth across all other sectors,” he said.
According to the ECSM, in practical terms, it is difficult to imagine how Nigeria and indeed the global economy could have fared without the internet during the peak of the Covid-19 pandemic. He insisted that the fact that the conference was holding in hybrid format was just an indication of the benefits that connectivity, which the Commission is driving, brings.
On local content, Adewolu stated that all the major policy instruments emphasised the need for Nigerians to take bigger roles in the ownership and management of major spheres in the sector. He also added that Mr. President recently launched the National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications Sector, which articulated very clear policy objectives and strategies for increasing local participation.
“It would interest you that the NCC has established a National Office for the Development of Indigenous Content in the Telecommunications Sector (NODITS) to drive the attainment of Policy objectives,” he said.
Adewolu contended that, taken together, the instruments enable NCC to aggressively drive infrastructure development, ensuring that available, accessible and affordable access to broadband infrastructure and services for all Nigerians are safeguarded.
He expressed hope that, by the end of the NNBP’s lifecycle, the country will achieve the target of reaching an effective coverage of, at least, 90 per cent of the population at a price not more than N390 per 1GB of data.

Hot this week

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...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Stanbic IBTC PMI: Private Sector Continues to Expand, Intense Cost Pressure Weighs on Growth

Nigeria's private sector concluded the third quarter of 2021...

Adeosun Hosts American Ambassador, Says Nigeria’s Economy Resilient

The Minister of Finance, Mrs. Kemi Adeosun on Friday...

NCC: Telecom Subscribers Should Link NIN-SIM by Oct 31

The Nigerian Communications Commission (NCC) has reminded and urged...

Ukraine’s Economy to Shrink by 50% in 2022-World Bank

Ukrainian refugees on Lviv railway station waiting for train...

How to Influence people with new fashion trends

Elementum nulla turpis cursus. Integer liberos kusto euismod aene pretium faucibus ...

Travelstart Nigeria Launches Interswitch Payment Gateway

In a quest to make travel simpler with easy...

Nestlé: ‘Only 50% of our Food, Drinks are Healthy’

  Nestlé, makers of MILO, Maggi, and many other global...
Exit mobile version