Sunday, November 17, 2024
31.9 C
Lagos

ITU Ranks Nigeria High in Digital Transformation Readiness

A new report of the International Telecommunication Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards G5 – advanced state of readiness for digital transformation known as G5 with Germany, Finland and Singapore leading the global chart.

In the report conducted by the ITU, the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and the Nigerian Communications Commission (NCC), and unveiled by Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani in Abuja on Monday, Nigeria was ranked among Africa’s top seven BEMECS 5G Readiness Index, which represents the country’s readiness to deploy and adopt mass-market 5G networks.

Titled, Collaborative Regulation: Accelerating Nigeria’s Digital Transformation, and presented at the Digital Economy Complex, Mbora, Abuja by ITU’s Kagwira Nkonge, the report, among other things, presented a case study for ‘collaborative regulation review to assess and support Nigeria’s transition towards collaborative digital governance, evidence-based policy making and agile regulation in the digital economy”.

The report, which was presented to a cross section of key industry stakeholders including service providers, government agencies, representatives of multilateral institutions, West Africa Telecommunications Regulators Assembly (WATRA), Africa Telecommunications Union (ATU), among others, was also designed to complement existing cross-country benchmarks in which features of countries policy and regulatory environment are assessed.

The features of countries policy and regulatory environment are assessed according to the pillars of the Generations of Regulation frameworks which tracks telecom regulatory maturity towards digital transformation readiness, designated at G5 Advanced State of Readiness”, and for which Nigeria currently stands at G4.

Advanced State of Readiness is benchmarked against four critical levels of accomplishments which include national collaborative governance, policy design principles, digital development toolbox, digital economic policy agenda, with Nigeria scoring 91 per cent in regulatory capacity; 82 per cent in Market Rules; 81 per cent in Collaborative Governance; 76 per cent in Legal Instruments for ICT/Telecom markets; 69 per cent in National Digital Agenda Policy, among other benchmarks.

Tijani, in his remarks at the event, commended the ITU and partner agencies and consultants that actualised the report; and expressed Federal Government’s commitment “to utilise this report as a navigational aid towards attainment of our regulatory objectives and policies outlines towards achieving a robust digital economy”.

“That is what we will continue to do as a government, ensuring that we can put ourselves in a place to have cutting-edge modern regulations in place to ensure that business is done properly in our sector and to ensure that, where possible, increase the local content of the sector as well,” he said.

Tijani noted that NCC has adapted over the years in response to how its role and mandate have changed.  He explained, “Fifteen, twenty years ago, NCC was just regulating the telecommunications sector, today, NCC regulates the foundation for which any economy would be prosperous.”

The Executive Vice Chairman of the NCC, Dr. Aminu Maida, who hosted the presentation, welcomed the indicators that promote effective regulation, attraction of greater investment, and development of innovative models for broader digital inclusion.

He emphasised that collaborative regulation would support Nigeria’s transition towards effective digital governance, evidence-based policy making and agile regulation in the nation’s digital economy.

The ITU Report can be accessed through the link: https://www.itu.int/hub/publication/d-pref-them-33-2023/

spot_img
spot_img
spot_img

Hot this week

NLNG Trains 300 Youths on Nigerian Content HCD Program

NLNG, on Tuesday, in Port Harcourt, Rivers State, kicked...

‘Accugas is not Responsible for Power Outage in Akwa Ibom State’

Accugas Limited, a subsidiary of Savannah Energy, wishes to...

NGX Group Chairman, Umaru Kwairanga, Visits Dubai Financial Market for Industry Partnership

Dr. Umaru Kwairanga (2nd Left) with other industry players...

RMB Nigeria Concludes ₦40bn Multi-Instrument Issuance Programme with SEC

RMB Nigeria Issuance SPV Plc, a funding vehicle incorporated...

Topics

African Polo Extravaganza Takes London By Storm

Europe’s foremost African polo event graced London for the...

Sanlam, Allianz Partners to Create African Insurance Giant

Sanlam, the largest non-banking financial services company in Africa,...

NIA: ‘Nobody is Forcing Insurers to Donate N10m to Covid-19 Fight’

  Mr. Tope Smart Chairman Nigerian Insurers Association The 57 insurance companies in...

Tanzania International Forum July 12

The Tanzania International Forum For Investments is scheduled to...

Red Star Express Restates Education Strategy, Awards Scholarships

Red Star Express Plc has restated the strategic importance of primary and grassroots education as a catalyst for overall economic growth and long term improvement of life. The Managing Director of Red Star Express, Mr. Sule Bichi made the comment at the scholarship Awards presentation ceremony at Unity Grammar School and Mafoluku Grammar School, as part of its Corporate Social Responsibility (CSR) in Lagos.

NGX Group’s Revolutionary e-Offering Platform Goes Live Following SEC Approval

Nigerian Exchange Group (NGX Group) has unveiled NGX Invest,...

African Airlines Record 7.4% Passenger Growth in Qtr 2

The International Air Transport Association (IATA) announced global passenger...
spot_img

Related Articles

Popular Categories

spot_imgspot_img