Invest in Telecom Sector to Eradicate influx of cloned and fake phones, other devices in Nigeria ,ATCON.
Written by tobi adejare on July 12, 2019
WRITTEN BY CHIOMA EZIKE
The Executive Vice Chairman of the Nigeria Communications Commission (NCC), Professor Umar Danbatta says that robust telecommunications network is important for economic growth.
Speaking at the 5th edition of Telecom Executives and Regulators Forum organised by the Association of Telecommunications companies of Nigeria (ATCON) in Lagos Professor Danbatta said that the $68 billion investment already in the country’s Telecom sector is huge, but not yet adequate for the fastest growing telecommunications markets in the world.
Professor Dabatta who was represented by the Director Policy Competition and Economic Analysis, in NCC Mr. Mohammed Babajika, said that the capital intensity of the industry needed the service providers to increase their infrastructure deployment to satisfy the ever-increasing demand, create room to double the size of the investment in the next ten years.
In a remark the Chairman of the Association Of Telecommunication Companies Of Nigeria, ATCON, Mr Olusola Teniola said today’s telecom and ICT sector in Nigeria is built on continuous strategic engagements amongst all players in the sector and the projected growth can only be attained if these engagements continue.
Mr Teniola said ATCON was providing the platform for the purpose of accelerating and harnessing the changes that are taking place in the industry in order to grow the industry for all its teeming members who have made huge investments in the country’s telecom and ICT sector.
The ATCON Chairman said the association needed lasting solutions to topical industry issues including Challenges and Prospects of Funding Telecoms Investment in Nigeria: as well as how the deficit in the Nigerian telecom infrastructure will be financed as well as eradication of the influx of cloned and fake phones and other telecoms devices in Nigeria which has been a major concern to ATCON.
The managing Director, Galaxy Backbone Mr. Yusuf Kazure, said that getting funds was essential in addressing the gaps and challenges experienced in the industry, adding that dialogue among stakeholders was essential in bridging the gaps.
High point of the event were panel sessions where stakeholders reiterated the need for proper funding of the telecom and information and Communications Technology investments in the country.
According to them, the amount of money required is quite substantial and the Central Bank of Nigeria intervention funds, and the Universal Service Provision Funds(USPF) are avenues within the ambit of the law to source funds but unfortunately much is not gotten from the funds.