NCC sees telecoms contributes 25% to GDP
SUCCOUR may be awaiting the telecommunications sector, as indications emerged that the proper implementation of the National Broadband plan(NBP) would boost industry performance and ultimately lift the Gross Domestic Products (GDP) by about 25 per cent.
The Nigerian Communications Commission(NCC), at its special day in International Trade Fair organized by the Lagos Chamber of Commerce and Industry (LCCI) on “Value Addition in the Non- Oil Economy” as the title of this year’s fair, the Acting Executive Vice Chairman of the Commission, Prof Umar Garba Danbatta, at the event disclosed that there is hardly any aspect of life that is not currently ruled by telecoms.
The EVC added that nationwide broadband connectivity with the implementation of the National Broadband Plan will make 25 per cent contributions to GDP target a reality.
According to him, NCC will soon commence licensing process for broadband service providers alongside infrastructure companies for North-East, North-West, South-East, South-South and South-West.
He said with over 90million people accessing the internet and still counting, investments in telecommunications will continue to be relevant compared to oil.
Given insight into the development in the sector, he said banking has become very easy and convenient because people now do cash transactions online real time. The ATMs, according to him , are powered by the Subscriber Identification Module(SIM), where shopping has gone very seamless because of the platform of telecommunications.
He said, despite the global economic down turn, Nigeria still remains an investor’s haven and as regulators of note, we must continue to provide robust regulations and transparent global best practices to protect subscribers, service providers and investors.