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Telecoms Sector: Government, key Enabler to Scale-up Investments – Experts

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Some telecommunications stakeholders on Tuesday called for more investments in the sector, saying that government was the key enabler to scale up investment.

The experts made this known at a colloquium in Lagos, with the theme: “Telecoms Industry 2.O: The Next Investment Frontier in Nigeria.

The event, which was organised by Financial Derivatives Company, was attended by experts from various sectors of the economy.

The Chief Executive Officer, Chapel Hill Denham, Mr Bolaji Balogun, in his keynote address, said that government was an enabler to scale up investment through tariff, equity, transparency, incentives and listing.

The theme of his address was: “Nigeria’s Telecommunications Industry.

The Journey so far: A historical perspective.”

Balogun said that over $70bn had been  spent on telecom investments for the past two decades, however, there remained areas for further investments.

He said that further investment included complete or near universal coverage, service quality, small but growing number of smartphones, broadband quality and penetration, which had remained average.

He said that with more investments, Nigeria would be the third largest mobile market globally, in less than 10 years.

Balogun urged government to place tariff on imported goods to protect local assembly or manufacturers, co-invest in import substitution startups through the Ministry of Finance Incorporated or the Nigeria Sovereign Investment Authority (NSIA).

According to him, government should also encourage financial transparency by mandating operators to publish  financial statements, creating tax rebate for listed companies.

“Imagine a Nigeria where all Nigerians interact with the government digitally, the use of Artificial Intelligence will also increase bandwidth demand exponentially.

“Regulators need to consider an altered perspective around tariffs to encourage investments, the ecosystem needs to increase localisation, minimise exposure to foreign exchange financing, utilise capital markets and create a plan for talent development.

The chief executive officer said further that the industry’s carbon footprint remained far too large, and its talent pool development was limited largely in big operators.

In his address, the Chief Executive Officer, Financial Derivatives Company, Mr Bismarck Rewane, said that the colloquim was aimed at rebooting to take advantage of the massive investment  opportunity in the telecoms industry.

Rewane said that Nigeria’s share of the global telecom investment was estimated at 0.6 per cent while its share of the global population is approximately three per cent.

“The global telecom investment is projected to hit $342bn in 2027.

“If, Nigeria can increase its share of global telecom investment to at least one per cent, this can result in $3.5bn.

“This will boost forex inflow into the country and productivity, which is suitable for employment, and overall economic growth.

‘’For Nigeria to regain its lost position as Africa’s largest economy, there is an urgent and imperative need to press the reset button and revive this sector as time is not on the side of Nigeria.

At a panel discussion, the President, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Mr Gbenga Adebayo, said that the telecom industry had grown so much that it had become a victim of its own success.

Adebayo said that the industry operators were being owed so much debts.

He said that government had also not met up with its promise of about 18 hours of power supply for the sector.

” Government needs to look at the issue at this point because it is one of the major challenges of the sector.

“There is need for more investment in the sector for its sustainability while we plead with the banks to pay up its debt to the telecoms sector,” the ALTON president said.

The Chief Executive Officer (CEO), MTN Nigeria, Mr Karl Toriola, said the industry was too critical to stay the same way due to the unstable business environment in the country.

Toriola noted that the cost of running  the business due to high cost of diesel as well as unstable dollarisation was way higher than the tariff the telecoms companies got from sales.

He stressed that such would not encourage investments in the sector.

The Chief Executive Officer, MainOne, Funke Opeke, said that the challenge was about recognising the reality of the environment, particularly as it had to do with tariffs.

“Let the market work just like what government is doing in other sectors. Let competition, demand and supply determine the price.

“If Nigerians can buy a lot more and consume more, prices will come down but government cannot artificially cap prices because it would limit investment,” Opeke said. (NAN)

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Town Planners Task Benue Govt On Regional Devt, Master Plans

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By David Torough, Abuja 

The President, Nigerian Institute of Town Planners (NITP), Dr. Chime Ogbonna, has urged the Benue State Government to urgently undertake a comprehensive regional development plan and master plans to begin implementing long-overdue urban planning policies across the state.

 

He made the call on Wednesday in Makurdi during the opening ceremony of the 26th Mandatory Continuing Professional Development Programme (MCPDP), hosted by the NITP in conjunction with the Town Planners Registration Council of Nigeria (TOPREC).

Addressing town planning professionals from across the country, Dr. Ogbonna decried the glaring shortfall of town planners in Benue and the administrative confusion surrounding physical planning in the state.

“From what we saw during the town hall meeting, there’s a dangerous absence of coordinated planning,” he said. “The Benue State Government needs to develop and implement a regional plan for the entire state and establish master plans for all urban areas.”

He warned that without deliberate planning, even small settlements in Benue state, which are bound to grow into urban areas will culminate into chaotic development. “Planning is not just for Makurdi. Every settlement, no matter how small, deserves a guide for growth,” he emphasized.

Dr. Ogbonna also advocated for the full implementation of Nigeria’s 1992 Urban and Regional Planning Law, saying it is the only way to ensure equitable and sustainable development across Benue’s urban and rural areas.

In a keynote address delivered on behalf of the President of TOPREC, Isyaku Muhtar Kura, the council’s representative, Tpl Prof. Timothy Gyuse, emphasized the need for innovation in tackling emerging urban planning challenges.

He described the MCPDP not just as a statutory event but also a platform to equip planners with modern tools, strategies, and collaborative approaches for building resilient communities.

“This training must go beyond routine. It’s a call to prepare for a future where sustainable cities become the norm,” he said.

The program has been billed to take place this year in three venues namely: Osogbo, Awka, and Makurdi. Osogbo and Awka have already hosted the programme while Makurdi is now hosting the 3rd and final leg of the programme.

Declaring the event open, Governor Hyacinth Alia, represented by the Director-General of Benue Geographic Information Service (BenGIS), Prof. Daniel Amine, welcomed the dialogue and promised government action on the planners’ recommendations.

“If you don’t plan, you will plan to fail,” Prof. Amine asserted. “This workshop has raised critical issues. We will expect formal communication from your institute, and we shall present it to the governor for prompt action.”

Prof. Amine praised Governor Alia’s commitment to urban development, noting that three senior staff of the BenGIS are certified town planners.

However, he cautioned against unregulated construction in the state. “If we allow people to build wherever they want, one day you may not even be able to drive out of your home,” he warned.

Amine also challenged NITP and TOPREC to hold their members accountable, especially those who contribute to planning irregularities. “Your institute must be ready to sanction planners who cause confusion,” he added.

In his remarks, the chairman of the MCPDP planning committee, Dr. Osunsanmi Gbolabo, expressed gratitude to participants and reiterated the historical importance of the training.

He said the MCPDP, now in its 26th year, has evolved to meet the dynamic demands of the profession. “We are not just shaping spaces; we are shaping futures,” he said, highlighting new syndicate sessions and smart training methods introduced to enhance the learning experience.

Several other speakers took the stage, including Dr. Jesse Nor, NITP’s National Public Relations Secretary, emphasized that the MCPDP is a vital platform to sharpen skills and improve planning outcomes in Nigeria’s growing cities.

“For this year, Makurdi was chosen among the other three venues to host the program. The Makurdi venue is thus the last leg of the program for the year.

Indeed, the MCPDP is a gathering of city planners to explore new frontiers of knowledge, training, and skill development, and how all of these influence planning practice and with the overarching aim of developing our towns, regions and cities in a sustainable manner”, he stated.

A highlight of the event was a paper presented by by Dr Osunsanmi Ogbolabo, on behalf of Prof. Ayo Olajuyigbe, of the Federal University of Technology, Akure, who traced the origins of town planning from ancient civilizations to contemporary practices. He stressed the need for financial and political will to enforce master plans, pointing to widespread violations due to weak implementation and institutional gaps.

In another presentation, Tpl Patrick Nyame, on behalf of Dr. Daniel Adamu from Nasarawa State University, advocated for strategic synergy between governments, ministries, private sectors, and non-state actors.

“Collaboration is not weakness; it’s wisdom. Government alone cannot achieve the level of development we seek,” he said.

The MCPDP, which began with a town hall meeting on Tuesday, will run through Thursday, featuring further presentations and roundtable discussions aimed at addressing Nigeria’s growing planning concerns and generating policy-focused solutions for sustainable development.

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Decline in Global Aid to Africa: President Maada Bio of Sierra Leone, Gov Makinde Champion Agriculture-Led Transformation for Africa’s Future

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By Mike Odiakose, Abuja

As global aid to Africa declines, Oyo State Governor Seyi Makinde joins the President of Sierra Leone, Julius Maada Bio and global development experts Dr. Simeon Ehui, Director General of the International Institute of Tropical Agriculture (IITA), and Dr.

Hafez Ghanem, Senior Fellow at Brookings Africa, in a powerful call for agriculture-led transformation to drive the continent’s development.

In a new article published by Brookings Africa, they outlines a visionary path for Africa to harness its vast agricultural potential, with Oyo State and Sierra Leone’s #FeedSalone initiative serving as inspiring models of progress.

Titled “With declining global aid, Africa must cultivate its own growth,” the Brookings Africa article emphasizes that agriculture is Africa’s greatest asset for achieving self-reliance and economic prosperity.

Governor Makinde, a leading advocate for agribusiness, highlights Oyo State’s transformative efforts, such as the revitalization of the Fashola Agribusiness Hub, which has boosted food production and created jobs for thousands.

“Our fields are our future,” Makinde stated.

“By investing in agriculture, we are not only feeding our people but also building a foundation for sustainable economic growth.”

Oyo State’s agricultural revolution under Makinde’s leadership includes modernized farming techniques, expanded access to credit for farmers, and infrastructure projects like the 34-kilometer Oyo-Oke Ogun road, connecting rural farmers to markets.

These initiatives align with the article’s call for policies that prioritize productivity, innovation, and market access to transform African agriculture.

Drawing inspiration from Sierra Leone’s #FeedSalone program, which has increased local food production and reduced import dependency, the article underscores the need for African-led solutions.

Dr. Ehui, whose IITA is headquartered in Oyo State, praised Makinde’s commitment to agribusiness, noting, “Oyo State’s model demonstrates how strategic investments in agriculture can drive food security and economic resilience.”

Dr. Ghanem added, “Africa’s youth and arable land are unmatched assets.

Leaders like Governor Makinde are showing how to turn potential into prosperity.”

The Brookings Africa article calls for a continent-wide shift toward agriculture-led development, urging African governments to invest in rural infrastructure, technology, and youth empowerment.

Governor Makinde’s policies in Oyo State, including the Agribusiness Development Agency and partnerships with IITA, exemplify this vision, positioning the state as a hub for agricultural innovation.

As Nigeria and Africa face economic challenges, Makinde’s leadership offers a blueprint for self-reliance.

“We cannot wait for external aid to solve our problems,” Makinde said. “Our greatest potential lies in our fields, and together, we can cultivate a brighter future for Africa.”

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Concentrate on Edo Devt, not Obaseki Probe, Wike Counsels Okpebholo

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By Laide Akinboade, Abuja

The Minister of the Federal Capital Territory (FCT), Nyesom Wike has urged the Governor of Edo State, Sen. Monday Okpebholo to concentrate on the development of the State, rather than dissipating his energy and resources to probe of his immediate predecessor, Godwin Obaseki.

Wike, who spoke in Benin, Edo State on Sunday said probing the former governor will achieve no meaningful results, adding that it was better for Governor Okpebholo to deploy his time and the State resources towards achieving his developmental goals Edo State and its people.

According to a statement by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, the FCT Minister Wike said; “If there is someone who would have encouraged Okpebholo to probe and prosecute Obaseki, that person should be me, but what I suffered in ensuring that he returned for a second term and how he paid me back is now in the past.

“We must pass through this process in life, move on for the development of Edo State. Don’t do it, I’m the one that should have told you to pursue this man, I know what I passed through.

“I should be the one to prosecute Obaseki but what is it in life when God has given you your position. If it were to be his power, you wouldn’t be here, but God has told him, you don’t have it and I have given it to whom I want to give.”

Facing former Governor of Edo State,  Senator Adams Oshiomhole, Wike said; “Leader, I know how pained you are and what you passed through, I know the sufferings, you suffered and it was like a humiliation to you. I was part of it because I humiliated you.

“I apologized on national TV to you, sorry for what I did to you, leave it and let them carry their wahala and go, focus on the development of Edo and you will see what you will achieve at the end of the day.”

Wike was in Benin, Edo State yesterday, to commission the New Edo Line terminal, which is the second phase of the Edo State Benin Central Bus Terminal, today. The event was however cancelled owing to the death of former President Muhammadu Buhari.

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