Thursday, March 5, 2026
26.7 C
Lagos

Business

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

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

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

Business

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

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

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

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

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

ABoICT Lecture/Awards 2026 to Focus on Impact of AI, IoT on Business Operational Efficiency

The Board and Management of Communication Week Media Limited,...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

Stanbic IBTC Economic Summit Delivers Strategic Framework for Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical...

Topics

How Stanbic IBTC Was Caught in Annual Accounts Fraud

The white-stained gloves went off. And the pretence of Best Corporate Governance was publicly muddled as Stanbic IBTC Bank Plc was caught red-handed by the Financial Reporting Council (FRC) for allegedly falsifying and manipulating its annual accounts in 2013 and 2014 to deceive regulators, tax authorities, shareholders and the general public on the true state of its financial results in the two years under review. The sanctions against the bank included immediate suspension of Mr. Atedo Peterside, Chairman and Mrs. Sola David-Borha, CEO.

AleP Urges Participation of Awba-Ofemili Indigenes @2022 Crusade

Indigenes of Awba-Ofemili in Awka-North Local Government Area of...

NDIC to Host African Deposit Insurance Leaders to Strengthen Operational Resilience

The Nigeria Deposit Insurance Corporation (NDIC) is scheduled to...

NITDA Saves N3bn for FG via IT Process

The National Information Technology Development Agency (NITDA) has saved...

INTEL: IMPACTING LEARNING WITH TECHNOLOGY THROUGH TEACHER EDUCATION

All over the world, there is an increasing attention on the role technology plays in preparing students for the 21st century. Unlike the traditional method of learning which is more about the paper and pencil teacher centered approach, technology-induced learning not only motivates learning in students, but it also offers them the 21st century skills needed to remain competitive in a highly technological knowledge-based economy.

Africa Power Vision Plans to Electrify 80% of Households by 2040

Africa’s electrification recently welcomed a new advocate, Africa Power...

Union Bank Reports N4.7bn Profit in 1st Qtr 2016

Union Bank of Nigeria Plc has unveiled its unaudited...
Exit mobile version