The Nigerian Communications Commission (NCC) on Wednesday announced that foreign direct investment (FDI) and local investment in the nation’s telecommunications sector reached 75.6 billion dollars as of 2021.
The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made the announcement officially during an interactive session with stakeholders in the communications media ecosystem in Lagos.
He said this was one of the landmark developments that had shaped the trajectory of growth in the telecoms sector since he became the chief telecom regulator in August 2015.
According to Danbatta, in 2018, investment profile in the sector stood at 68 billion dollars, increased to 70.
Danbatta said that, at the end of 2021, the figure rose to 75.6 billion dollars, noting that the latest figure was the current official investment profile computed in the industry, up from the initial 70 billion dollars investment in the last few years.
“Investment in the telecommunications sector in Nigeria is computed from two sources: the Central Bank of Nigeria (CBN), and the financial data obtained from service providers by the Commission.
“While the CBN collects and calculates an element of the telecoms sector to include FDI, portfolio and others, the Commission collects investment figures from telecom licensees described as domestic investment arising from capital expenditure (CAPEX), which form part of the total investment in the industry,” he said.
The NCC boss noted that through effective regulatory environment put in place by the Commission, the telecom sector had recorded tremendous growth from an initial investment profile of 500 million dollars as at 2001, when the sector was fully liberalised.
Similarly, Danbatta said the telecom sector had continued to be a major contributor to Nigeria’s economy through an impressive sectoral contribution to the nation’s Gross Domestic Product (GDP) quarterly.
He noted that this was up from about 8.5 per cent in third quarter of 2015, contributing N10.126 trillion to the nation’s GDP in 2022 alone.
Citing data from the National Bureau of Statistics (NBS), Danbatta said the telecoms sector contributed N10.126 trillion as an aggregate quarterly contribution to GDP in 2022.
“In the first quarter, the sector contributed 12.94 per cent equivalent to N2.246 trillion while the second quarter witnessed an all-time high GDP contribution by the telecom sector to the nation’s economy, standing at 15 per cent and valued at N2.593 trillion.
“The sector’s contribution to GDP in the third quarter was 12.85 per cent and in the fourth quarter, it grew to 13.55 per cent, which are valued at N2.436 trillion and N2.851 trillion respectively.
“The growth trajectory continued this year as telecoms and Information services sector in Nigeria delivered a handsome N2. 508 trillion in terms of financial value contribution to the nation’s GDP, representing 14.13 per cent in the first quarter of 2023, ”he said.
Danbatta added that telecoms contribution to national GDP had grown significantly since his assumption of office as the executive vice chairman of NCC in August, 2015, according to available data from NBS.
He said that from 8.50 per cent in 2015, it grew to 9.13 per cent in 2016 and to 8.66 per cent in 2017, adding that in the last quarter of 2018, telecoms contributed 9.85 per cent to national GDP while it added 10.60 per cent in the fourth quarter of 2019.
“Also in the second quarter of 2010, it added 14.30 per cent to GDP; 14.42 per cent in the second quarter of 2021. The highest quarterly contribution to GDP by the sector to the economy was 15 per cent in the second quarter of 2022.
“The sector has become a major enabler of economic development in Nigeria, as it continues to positively impact all the facets of the Nigerian economy.
“As the regulatory authority for the telecom sector in Nigeria, we are happy that the sector has recorded phenomenal growth statistics in the past two decades of the liberalization of the telecoms sector, “he said.
He said the commission would continue to push upward to greater heights by encouraging expansion of frontiers to put Nigeria’s imprint on the global map of digital economy.
According to Danbatta, broadband subscriptions on Third Generation (3G) and Fourth Generation (4G) networks increased to 92.2 million, representing a 48.28 per cent broadband penetration in the country.
He also noted that following the issuance of 3.5GHz spectrum licenses for the deployment of Fifth Generation (5G) networks in Nigeria, 5G subscriptions had grown to over 60,000 in many cities of the federation.(NAN)
AU, ALPA Target 3000 Beneficiaries for Hepatitis Treatment in Nasarawa
The African Union, Scientific, Technical and Research Commission (AU-STRC), African Scientific Research and Innovation Council (AU-ASRIC) have partnered with African Liver Patient Association (ALPA) to offer free hepatitis treatment to Nasarawa State indigenes.
The Senior Scientific Officer of AU-STRC, Dr Mohammed Kyari, disclosed this to the News Agency of Nigeria on Wednesday in Model Comprehensive Health Centre, Shabu, Lafia.
Kyari said that the project targeted a total of 3000 persons to benefit from the free hepatitis care, tests and treatment in Shabu, Lafia.
He said the project followed a sensitization and education of communities at all levels including testing which was targeted at the age group 12-80 years old.
Kyari added that the project was a build up from the research conducted by the AU- STRC and ASRIC from 2018 to date with a priority area on “prevention and control of diseases”.
“ The hepatitis testing using the serological rapid diagnostic tests with results in 15 minutes and treatment will commence immediately for positive cases,” he said.
According to him, vaccination will be administered on those that are negative, then further testing will be administered on those tested positive through a viral load confirmation.
Kyari also said that the treatment would focus more on the elimination of mother to child transmission and timely administration of birth dose vaccines for newborns and also by raising awareness.
He added that the project was a pilot phase on the implementation of the ASRIC Flagship Project on Village free of Hepatitis in Nasarawa State, which will hold from the 6th -20th December, 2023.
“ The project is also in line with the implementation of the Science, Technology and Innovation Strategy for Africa (STISA 2024) pillar on building technical and professional competencies.” Kyari said.
NAN monitored events at the Model comprehensive health centre, Shabu, which is the location of the hepatitis free village in Lafia, Nasarawa State and the theme is “ Hepatitis Free Village”..
NAN also reports that there are a total of seven Egyptian doctors on site attending to the residents of Shabu community and about 2500 persons have since benefited from free treatment by receiving free drugs and vaccination.
Among the medical personnel from the Egyptian Liver Research Institute and Hospital (ELRIAH) working on hepatitis eradication in Lafia are Dr. Ahmed Salem, Dr. Ayman Abdelfattah and Prof. Ahmed Farahat (NAN)
Zoho, Tech Company Record 50 Per cent Growth in Nigeria,
A global technology company Zoho Corporation, on Friday announced its 50 per cent growth in Nigeria in 2022.
Regional Director, Middle East Africa, (MEA) Zoho Corporation, Ali Shabdar said at the sideline of Zoholics Nigeria in Lagos that the growth was due to high adoption of cloud technology in the country.
Reports says that Zoholics is the annual users conference of Zoho.
Shabdar said that Zoho’s growth was a direct result of Nigerian businesses embracing cloud technology, especially unified platforms, to digitally transform and build resilience to adapt to challenging market conditions.
According to him, such growth creates an economic impact in the nation’s economy as well as job creation.
The regional director said as such, it has partnered with StartupSouth to work towards the development of startups in the South South and the South East region.
He said that the partnership was to empower startups with basic digital tools and unified platforms to help businesses scale rather than giving free money.
Shabdar said that Zoho Contracts would help businesses improve compliance with National Data Protection Law (NDPL)
He said that NDPL which came into law in June mandated all businesses to ensure that their contracts include provisions for data security and breach notifications among others.
According to him, in case of non-compliance, businesses risk the loss of consumer trust and potential legal action, apart from a potential fine of up to N10 million or two per cent of annual gross revenue.
He said with Zoho Contracts, businesses could create contract templates with new revised clauses for NDPA compliance.
‘’Through the partnership, Zoho will be providing its contract management solution, Zoho Contracts, free for three months to help businesses improve compliance to the Nigeria Data Protection Law.
‘’Zoho’s unified technology stack, built from the ground up, allows us to meet such transformation needs of businesses with robust solutions that deliver consistently seamless user experiences at unbeatable value,” Shabdar said
The Regional Director, said that Zoho’s growth in Nigeria was primarily driven by adoption of Zoho One, the operating system for business, and Zoho Workplace, a unified enterprise collaboration platform.
He said that Zoho also grew its partner network by 22 per cent and more than doubled its employee in 2022 in Nigeria to reinforce its local presence and better serve the customers.
Country Head, Zoho Nigeria, Mr Kehinde Ogundare said that Nigeria was number five in the Middle East Africa in the growth of Zoho and had witnessed 87 per cent growth in five years.
Ogundare said that the transnational local strategy of being locally rooted while staying globally connected was also key to Zoho’s growth in Nigeria.
He said that Zoho was able to serve customers directly with locally hired teams in Lagos.
According to him, Zoho is also one of the few vendors in Nigeria that continues to provide their offerings in Naira, thereby protecting businesses from the fluctuating dollar rates.
Ogundare said that the step ensured that enterprise technology remained accessible to businesses of all sizes.
‘’Our partnership with #StartupSouth, and the special offer on Zoho Contracts, are further steps that underscore our commitment to serve the business community in the region,” he said.
Ogundare said that as part of its partnership with StartupSouth, new customers would be availed Zoho Wallet credits worth ₦ 470,000.
He said the wallet credit could be used to purchase or upgrade any of Zoho’s 55+ products, including Zoho One, the operating system for business, over a period of 360 days.
According to him, e startups will also receive training to help them leverage Zoho’s products for their growth and in a way that they can easily scale.
The Convener, StartupSouth, Uche Aniche, said that one of #StartupSouth’s goals was to provide startups associated with it an easy access to comprehensive technology solutions.
Aniche said that technology solutions that offered great value was easy to use and had the capability to grow with the businesses as they scaled.
‘’With this partnership with Zoho, we are looking forward to helping budding businesses by removing access barrier to enterprise technology.
“Through the Zoho for Startups programme, StartupSouth ntend to onboard as many startups and be a part of their entrepreneurial journey right from the start.
‘’Keeping in mind Zoho’s vision and mission on ‘serving the underserved’, we carefully choose whom we collaborate with.
Global Head, Zoho for Startups, Kuppulakshmi Krishnamoorthy said that Nigeria is one of the hotbeds in Africa for entrepreneurs to thrive and innovate. (NAN)
3 Million Jobs in Digital Tech Industry Achievable, DG NITDA says
Mr Kashifu Inuwa, Director General, National Information Technology Development Agency (NITDA), says the creation of three million jobs in the digital technology sector was achievable within the next four years.
Inuwa stated this on the sidelines of a Public Sector Digital Innovation Summit on Friday in Abuja, organised by Datamellon in partnership with AWS (Amazon Web Services).
He was represented by Bernard Ewah, the acting Director, e-Government Development and Regulation at NITDA.
Inuwa said that the agency was currently working with the public and the private sector to surpass the target before 2027.
He said through the initiative, the Federal Government will work with stakeholders to train three million technical talents.
The director general said job placement would be given priority, and the level of digital literacy of the population would increase by 70 per cent by the end of 2027.
“If you look at the share size of our population that translates to potential producers of talents.
“Our talents have proven to be very productive in the country and are also recognised everywhere in the world.
“These can be seen in the number of innovations that have come out of Nigeria.
“The sheer size of demand for talents globally means that Nigeria is been modest in our projection, but we have to start somewhere and then scale up,” he said.
He said that NITDA has always played a role in creating the right path towards developing talents for Nigeria.
Inuwa said the agency would continue to lend its support and work in collaboration with its partners, on behalf of the Federal government and the Ministry of Communications, Innovation and Digital Economy.
“NITDA is working with an ecosystem of partners to ensure that the right sets of policies and actions are taken to democratise the space.
“Our goal is to make it easier for not only government organisations to have Web presence but also for citizens to access services seamlessly.
“What we are experiencing today with the public sector innovation summit is a manifestation of NITDA’s age-long philosophy of engagement with a broad spectrum of stakeholders,” he said.
He said that government cannot do it alone, adding that all the relevant stakeholders must come together to ensure the success of the sector.
“For instance, even in our key mandate of developing policies, we no longer sit in our offices to develop policies.
“We engage and co-create policies that is the only way that we can create policies that can be useful and highly impactful to stakeholders.
“So, policy making for us is not the perogative of NITDA alone. It involves the poor person on the street and that’s why this engagement is considered useful and important to us,” he said.
Also speaking, CEO of Datamellon, Mr Wale Adedeji, said the summit was an event set to revolutionise the public sector technology in the country.
Adedeji said that the company is a digital firm dedicated to revolutionising the landscape of digital sector innovation.
“Our mission is to empower government and organisations with cutting-edge technology, enabling them to serve their citizens better, faster and smarter.
“In the digital age, data is the new currency and the overall goal of AWS is all about cost reduction and making sure that you get real value for whatever the services provided,” he said.
He said the objective of the summit, amongst others was to unlock the Power of AWS and explore how it is reshaping government agencies’ operations with cutting-edge cloud solutions.
Adedeji said the participants had an opportunity of networking with experts and connect with industry professionals, government leaders, and AWS experts for valuable insights and collaborations,” he said.(NAN)
Read Our ePaper
BIPC activates judicial processes to eject allottees from estates
ShareFrom Attah Ede Makurdi The Benue Investment and Property Company Limited (BIPC), on Wednesday, obtained judicial administrative order to individuals...
Give Tinubu More Time to Solve Challenges – Gowon
Share Retired Gen. Yakubu Gowon has urged Nigerians to give more time to the President Bola Tinubu-led administration, toward resolving...
Tinubu Appoints New Immigration CG
SharePresident Bola Tinubu has approved the appointment of DCG Kemi Nandap, as the new Comptroller-General of the Nigeria Immigration Service...
Edo Primaries: Court Orders PDP to Show Cause why 381 Delegates Should be Excluded
ShareA Federal High Court, Abuja, on Wednesday, ordered the Peoples Democratic Party (PDP) to show cause why 381 delegates elected...
Tinubu Appoints New NEXIM ED
SharePresident Bola Tinubu has approved the appointment of Mr Ibrahim Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import...
Court Further Adjourns Fayose’s Money Laundering Trial
ShareMoney laundering trial of a former Governor of Ekiti state, Ayodele Fayose, could not proceed on Wednesday before a federal...
Nigerian Army Engineers Deliver Zungeru Double Circuit Transmission Line
Share The Nigerian Army Engineers, have successfully delivered 5 No Tower 132 KV double circuit transmission lines, as part of...
Senate to Complete 1999 Constitution Amendment in 2 years
Share The Senate Committee on the review of the 1999 Constitution, has promised to complete the process in 24 months....
FG Pledges to Improve Infrastructure at Nation’s Airports
Share The Federal Government says it will partner the private sector to improve passenger`s experiences at the nation`s airports. Mr...
Abia: Incomplete Court Processes Stalls Nollywood Actress’ Trial
ShareThe incomplete transmission of court processes by the State Prosecution Counsel to the judge’s case file stalled Wednesday’s scheduled hearing...