Olufemi Adeyemi
The Nigerian Communications Commission yesterday said active mobile subscriptions have moved from a paltry 400,000 in 2001 to 209 million as at August this year.
Executive vice chairman, Nigerian Communications Commission (NCC), Umar Danbatta has said that NCC will continue to Fast-track the adoption and promotion of emerging technologies in Nigeria.
According to Danbatta, this aims to strengthen businesses
and other sectors for the benefit of the country and its citizens.
Speaking to stakeholders at the 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.
“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,” Danbatta said.
Also, he expressed delight that the telecom sector 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.
He explained that for Nigeria to reap the full benefits of
all emerging technologies in ways that fast-track growth in the national
economy, NCC has prioritises the need to improve and expand broadband
infrastructure and the deployment of new technology such as the Fifth
Generation of Mobile Communication (5G) to facilitate the actualization of the
set targets in the Federal Government’s digital economy policy.
The chairman noted that with the rapid digital
transformation happening through the telecommunication sector, the country will
be in a better position to create an alternate economy for diversification,
innovation and creativity in e-commerce and digital entrepreneurship, while
empowering a significant number of the populace to become self-reliant and
self-employed.
