Monday, September 8, 2025
28.5 C
Lagos

NCC to Accelerate Deployment of Emerging Technologies

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has stated that NCC will not relent in the promotion of latest and emerging technologies to energize business and the sector in Nigeria for the benefit of the country and its citizens.

Speaking to a cross section of stakeholders at the just-concluded Cyberchain Abuja 2022, Danbatta said the telecom sector has been a key booster of the Nigerian economic activities, transforming the way people live and work as well as increasing efficiency in other sectors of the economy.

Danbatta said the Commission is committed to driving the deployment and adoption of emerging technologies such as Internet of Things (IoT), utilisation of value of Big Data, Blockchain, Robotics and Virtual Reality, FINTECH, Artificial Intelligence (AI), and Telemedicine, among others, to stimulate greater contribution of the sector to the economy.

He said it is also gladdening that telecoms has been an enabler of Nigeria’s economic growth and development as it contributes substantially to the Gross Domestic Product (GDP).

“From $500 million investments in the sector as at 2001, the telecommunications industry has recorded over $70 billion investment till date, while the growth in the sector has been phenomenal, from some 400,000 functional phone lines in 2001 to over 209 million active mobile subscriptions, achieving a teledensity of 110 per cent, as at August 2022.

“The sector has provided over 500,000 formal and informal jobs for Nigerians. From an insignificant contribution to GDP in 2001, telecoms sector, as at the last quarter of 2021, contributed 12.61 per cent to GDP, while the Information and Communications Technology (ICT) sector as a group, has also contributed 18.44 per cent to GDP as at the second quarter of 2022”, he said.

“For us as a country to reap the full benefits of all these emerging technologies in ways that further spur growth in our national economy, NCC prioritises the need to improve and expand broadband infrastructure and the deployment of new technology such as the Fifth Generation of Mobile Communication (5G). Our efforts in diligently driving this will facilitate the actualization of the set targets in the Federal Government’s digital economy policy,” he said.

Danbatta noted that with the rapid digital transformation happening through telecommunication sector, the country will be in a better position to create alternate economy for diversification, innovation and creativity in e-commerce and digital entrepreneurship, thus empowering a significant number of the populace to become self-reliant and self-employed.

 

 

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

AIICO, Coronation Drag Insurance Index 0.3% Lower at NGX

Babatunde Fajemirokun Managing Director/CEO AIICO Insurance Plc The Nigeria Daily Market Report...

Ethiopian Wins African Airline of the Year 2017 Award

Africa’s largest airline group, Ethiopian Airlines, is delighted to...

Sovereign Trust Insurance Felicitates with ISAN on Confab

LR: Segun Bankole, DGM, Corporate Communications & Investor Relations,...

World Bank Endorses $13bn Package for Transformational Growth

Despite expectations that growth will be robust in the...

‘Coding for Sustainably’ Ends amidst Applause from Parents, Other Stakeholders

L-R Tobi Akinloye Instructor, Osas Osaigbovo Community Manager, Olufunke...

‘Why Nigerian, African Varsities Rank Lowly Globally’ – Ghana VC

Leading African Development Economist and Vice Chancellor of University...

Equities Market Maintains Negative Momentum…NSE ASI Down 49bps

In line with expectation, the bearish run of the...

IPEN Visits LCCI for Strategic Partnership

From left: Head, Corporate Communications, Lagos Chamber of Commerce...
spot_img

Related Articles

Popular Categories

spot_imgspot_img