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FG laud for oversight on telecom industry

FG laud for oversight on telecom industry
Photo by Jackson David- Ask Nigeria

The sector has boosted the government’s revenue by 594 percent.

During the 10th Edition of the National Council on Communications and Digital Economy held at the University of Ibadan, Oyo State, several prominent figures lauded the federal government for proffering strategic oversight and management to the telecoms industry. Similarly, Prof. Isa Pantami, Minister of Communications and Digital Economy, revealed that a recent assessment report by the Foreign Development and Commonwealth Office (FDCO) and KPMG Consulting points in the same direction, identifying the communications and digital economy industry as Nigeria’s best-performing sector.

The sector has increased the government’s revenue profile by 594%, one of the eight critical initiatives considered in the assessment report. Prof. Pantami has been lauded for his work outlining approximately 20 policies designed to promote various sectors of the digital economy. These policies, which include the National Digital Economy Policy and Strategy (NDEPS) 2020 – 2030 and the Nigerian National Broadband Plan (NNBP) 2020 – 2025, have already begun to showcase positive results for the country’s economy.

67 of the 110 memoranda, proposals have been authorized for execution.

Represented by Olubamiwo Adeosun, Secretary to Oyo State Government, Governor of Oyo State Oluseyi Makinde, Governor Oluseyi Makinde, and Prof. Umar Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), were among the notable personalities who hailed the federal government’s initiative in the telecommunications industry. Professor Pantami applauded the participants for the thoughtfulness of their evaluations, suggestions, and critiques accompanying the memoranda submitted to the Council, as he emphasized the importance of digital innovation and digital entrepreneurship to the health of the digital economy.

He further solicited the media to report the final statement from the meeting as thoroughly as possible and encouraged media professionals to take careful note of the meeting’s precise recommendations as well as the role of each stakeholder in implementing them forward. There were a total of 110 memoranda and proposals given to the Council, of which the Minister said 67 had been authorized for execution and the other 43 will be revisited at the next Council meeting.

Stressing the participants’ dedication towards the digital economy plan.

Prof. Pantami expressed gratitude to Governor Ajimobi, and the Olubadan of Ibadan, His Imperial Majesty, Dr Lekan Ishola Balogun, Alliwo Okumade II, for his warm welcome of him and his team during a courtesy visit to the Palace and the Governor’s Office. In a similar vein, Prof. Danbatta lauded the Federal Government for its unrelenting effort to foster change, enforce rules, and leverage digital resources to boost the expansion and development of cutting-edge technology.

Further, he complimented the Minister’s exemplary management and direction as the industry’s senior figure. Prof. Pantami continued by thanking the event’s participants and speakers for their contributions to the digital economy on behalf of the association’s Board and Management. He said the participants’ dedication to realizing the digital economy plan is reflected in the meeting’s thorough examination of the suggestions, which includes an objective recognition of successes and an open approach to paving the way towards future objectives and expectations.

NCC affirms its resolve to participate in the growing digital economy.

Professor Danbatta concludes by pledging the continued support of the Nigerian Communications Commission for all policies, strategies, plans, and actions that promote the nationwide availability of high-quality, cutting-edge, reliable, affordable, and easily accessible communications services. He emphasized the importance of the prompt availability of the 3.5GHz spectrum band for the rollout of 5G services as a key indicator of the agency’s resolve to enable its individuals to participate in the country’s growing digital economy and culture.


Related Link

NCC: Website

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Admin
1
3 months ago

FG laud for oversight on telecom industry – The sector has boosted the government’s revenue by 594 percent. – Express your point of view.

Member
9
3 months ago

It is good the National council of communication acknowledged the impact of the government. They should also look into digital innovation, digital entrepreneurship and then look forward to have positive impacts on other sectors.
I literally expect more from the govt!

Member
9
3 months ago

Telecommunication has been a revelation in our nation since it’s inception and it has grown and contributed immensely to our revenue and helped in our technological advancement

Member
10
3 months ago

Since the advent of telecom industry to the country lots have been archived,it has provide thousands of job opportunity to the people and also increase revenue generation to the government through tax.

Abusi
Member
9
3 months ago

Well the government is supposed to manage and control the affairs of the industries. I hope that of the telecom industry won’t be an exception. There is need to ensure they are well managed in order to provide maximum services to the people.

Member
9
3 months ago

The sector has boosted the government’s revenue by 594 percent. Telecommunication has been one of most revenue generating technology company.

Member
8
3 months ago

the urgency with which the 3.5GHz spectrum band will be made available for the deployment of 5G services will be a crucial sign of the agency’s commitment to enabling its employees to engage in the nation’s expanding digital economy and culture.

Member
8
3 months ago

Telecommunication seem to be immensely contributing to the country’s revenue. It’s good the government are applauded for their contribution to this success. More investment and contributions would go a long way in this industry.

Member
8
3 months ago

The provision of strategic control and management to the telecommunications industry was praised by a number of notable personalities, and the federal government received their acclaim.

Member
8
3 months ago

A similar conclusion was reached in a joint analysis by the Foreign Development and Commonwealth Office and KPMG Consulting, which ranked the communications and digital economy sector as Nigeria’s most promising.

Member
8
3 months ago

One of the eight major efforts that were taken into consideration in the report’s analysis is the fact that the sector has enhanced the government’s revenue profile.

Member
8
3 months ago

Nigeria’s communications regulator, the Nigerian Communications Commission (NCC), was among those who praised the federal government’s move to modernize the country’s telecom sector.

Member
8
3 months ago

The participants are deserving of praise for the level of consideration they put into the evaluations, suggestions, and criticisms that they included in the memoranda they handed in to the Council.

Member
8
3 months ago

journalistic professionals ought to pay close attention to the meeting’s specific suggestions and to report on the meeting’s final statement as thoroughly as feasible.

Member
8
3 months ago

media professionals to pay close attention to the meeting’s specific recommendations and the role of each stakeholder in implementing them moving forward, and to report the meeting’s final statement as thoroughly as possible.

Member
9
3 months ago

The telecommunication industry and improve and add more to our revenue generation to the government so it as to be managed well so it can continue boost our revenue and our country will benefit from it

Member
8
3 months ago

It would appear that telecommunications are making a big economic impact on the country. A round of applause for the government is in order for their part in this triumph. Additional funding and support would be much appreciated.

Member
8
3 months ago

In any case, it is the government’s job to oversee and direct the workings of the various industries. I’m crossing my fingers that the telecommunications sector doesn’t turn out to be an outlier. In order to maximize the benefits to the public, it is essential that they be properly administered.

Member
8
3 months ago

Since its introduction, telecommunication has been a boon to our country, fostering economic growth and contributing significantly to our technological progress.

Member
8
3 months ago

Thanks to former president Olusegun Obasanjo for allowing telecoms in Nigeria competitive resulting to great improvement and huge revenue generated from it by the federal government. The telecoms industry in Nigeria is doing well.

Member
8
3 months ago

The Telecoms industry has greatly impacted our nation generating enough revenue to run the nation Affairs, improving the nation economy and creating employment opportunities. It should continue in this trend.

Member
8
3 months ago

This is the modern development we yearn for in Nigeria. With such proven great potential the telecom industry should be made one of the top priority in the country.

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