Thursday, December 26, 2024
26.2 C
Lagos

NTITA: NCC, Danbatta Bag Fresh Awards for Broadband Development

L-R: Akin Naphtal, Chief Executive Officer, InstictWave; Prof. Umar Danbatta, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC); Dr. Ikechukwu Adinde, Director, Public Affairs, NCC and Olusola Teniola, President, Association of Telecoms Companies of Nigeria (ATCON) during the 2020 Nigeria Tech Innovation and Telecoms Awards held at the NAF Conference Centre in Abuja.

The critical role being played by the Nigerian Communications Commission (NCC) under the leadership of its Executive Vice Chairman, Prof. Umar Danbatta, in advancing the frontiers of broadband development has been recognised at this year’s edition of the Nigeria Tech Innovation and Telecoms Awards (NTITA), 2020.
Regarded as the Oscars of Nigeria’s telecoms industry, the awards, powered by InstinctWave, Africa’s leading business-to-business event organizer in collaboration with the Association of Telecoms Companies of Nigeria (ATCON) in Abuja at the weekend, saw the Commission and other industry stakeholders, including the Hon. Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, carting away distinguished awards.
Danbatta was honoured with the “Broadband Oxygenator of the Year” for his remarkable role and commitment to the development of broadband infrastructure to support the country’s digital economy drive while NCC, as a corporate organisation received the “Outstanding Contribution to Driving Greater Broadband Penetration Award of the Year.”
Through the articulation of a Strategic Vision Plan (SVP) for the fiscal years 2015-2020, which symbolises the focused leadership Danbatta brought on board as the chief telecoms regulator in the country, broadband penetration increased from 6 percent in 2015 to 45.43 in September, 2020.
Also, basic active internet subscription grew from 90 million to 143.7 million while active voice subscription increased from 151 million to 205.25 percent during the same period with teledensity also reaching 107.53 percent as at end of September, 2020.
The last five years have seen the number of licensed Infrastructure Companies (InfraCo) increasing from two in 2015 to six currently. The InfraCos are to deploy broadband infrastructure, on a wholesale basis in the 774 Local Government Areas in Nigeria.
The Commission is currently reviewing the framework for the licensing of InfraCo to ensure sustainable funding options for effective implementation of the proposed national fibre project towards increasing broadband penetration to 70 percent target, as set in the new national broadband plan by 2025.
The on-going review of the InfraCo framework is to cater for the delays in take-off, change in exchange rate, supply chain and other challenges imposed by the COVID-19 pandemic with respect to InfraCo implementation.
NCC and Danbatta’s recognitions at the NTITA 2020 were also hinged on the increase in the contribution of the telecom sector the Gross Domestic Product (GDP) from 8.5 percent in 2015 to 14.30 percent as of the second quarter of 2020, translating to N2.272 trillion in financial value.
In the last five years, under Danbatta leadership, telecoms investment grew from around $38 billion to over $70 billion currently with appreciable remittances in spectrum fees and operating surplus by the NCC into the Federal Government’s Consolidated Revenue Fund (CRF).
Increased e-commerce services, other digital services and more access to financial inclusion were also enabled through increased deployment of broadband infrastructure being promoted by the telecoms regulator through a number of regulatory initiatives.
Speaking on the significance of the NTITA, President of ATCON, Olusola Teniola, said: “Our thinking is that if we decide to ignore the contribution that our sector has made to the development of Nigeria by not recognizing the actors that made it possible, what we are saying invariably is that we are unappreciative of their concerted efforts in changing the story of our industry.”

spot_img
spot_img
spot_img

Hot this week

FRSC Celebrity Special Marshals, Unit 2, Flags Off End of Year Campaign

As part of its efforts to reduce road crash...

Heirs Insurance Group Releases Thrilling Web Drama “The Underwriters” for the Holidays

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has released...

PenCom Targets N22tn Pension Contributions by End 2024

The National Pension Commission (PenCom) says it expects pension...

PalmPay, Jumia Launch Holiday Campaign to Reward Users

This holiday season just got a whole lot more...

Adekunle Gold, Wande Coal, Young Jonn Set to Thrill Fans at Lagos Shopping Festival

Lagosians are in for the most exciting music extravaganza...

Topics

ITU Unveils Global Platform for Smart Cities

The International Telecommunications Union has launched the first...

WEF to Lead G20 Smart Cities Alliance on Tech Governance

The World Economic Forum (WEF), the International Organisation for...

5 Policies Shaping the Nigerian Economy in 2020

    By Elvis Eromosele   Governments run the world. Government policies are...

Guinea Insurance Reports N1bn Premium Income in 2017

Shareholders of Guinea Insurance PLC on Thursday, July 12,...

Seplat, FDI and the Rule of Law

  Roger Brown Chief Executive Officer SEPLAT By Onikepo Braithwaite It is our hope that...

Efekoha Emerges 40th President of WAICA at 50th Anniversary Conference

  Mr. Eddie Efekoha, Group Managing Director/CEO of Consolidated Hallmark...

PTAD Pays N846.1m Accrued Arrears, Gratuity to 2,730 Pensioners

The Pension Transitional Arrangement Directorate (PTAD) has paid the...

COVID-19 Led to Higher Profitability for Corporate Institutions – Soyewo

The Executive Chairman, Prestige Insurance Brokers Limited, Prince (Dr)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img