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.