Nigeria’s presentation at ITU designed to drive FDI in telecoms
Nigeria’s government and private sectors have made a pitch to foreign investors at the 2016 International Telecommunication Union conference, with smart presentation of the country’s developments in Information and Communication Technology (ICT) and opportunities for future investment.
Nigeria’s participation, which was put together by the telecoms regulator, the Nigerian Communications Commission (NCC) was led by the Executive Vice Chairman, Prof Umar Garba Danbatta, Governor of Kaduna State, Alhaji Nasir El-Rufai, Minister of Communications, Adebayo Shittu and MainOne’s Chief Executive Officer, Funke Opeke.
Speaking during the panel session on “Smart Communities as the key to a Digital Nigeria”, the EVC of the Nigerian Communications Commission, Prof. Danbatta talked up the opportunities for investment in Nigeria, aided by flexible regulatory policies. Buttressing his comments, the Chief Executive Officer of MainOne, Funke Opeke described the Telecom Infrastructure gaps in the country and the opportunities available for investment. She highlighted as example, the government-assisted Infrastructure Company (Infraco) project, where MainOne is licensee for Lagos State, which aims to expand broadband penetration from the current 20 percent to over 30 percent targeted in the National Broadband Plan for 2018. According to her, licensees for five other regions of the country are currently available for bid.
Ms. Opeke highlighted the tremendous potential Nigeria’s ICT industry offers to investment, underlining Nigeria 80Million internet users, the growing population of smartphone users, and the country’s over 100 percent voice penetration. She noted that most regions of the country are still under-served in terms of ICT deployment and reiterated that commitment of the government to diversify the economy from oil will require greater ICT penetration to create jobs. “Availability of broadband infrastructure across all regions of Nigeria and the technology adoption this will facilitate will greatly accelerate the pace of development in Nigeria, facilitate increased non-oil trade, enhance the Digital economy, improve public access to education, health and other social services and aid job creation”, Ms. Opeke said.