JAIZ Bank Hajj Savings Ads JAIZ Bank Hajj Savings Ads JAIZ Bank Hajj Savings Ads
  • LOGIN
  • WEBMAIL
  • CONTACT US
Saturday, September 30, 2023
21st CENTURY CHRONICLE
No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
No Result
View All Result
21st Century Chronicle
No Result
View All Result
Your ads here Your ads here Your ads here
ADVERTISEMENT

Telecoms investment grew from $38bn to $77bn – NCC

by Tiseer Agenawua
September 16, 2023
in Lead of the Day, Telecommunication
0
Mass media will remain NCC’s strategic partners – Danbatta

Prof. Umar Garba Danbatta, NCC Executive Vice Chairman/CEO

Share on FacebookShare on TwitterShare on TelegramShare on WhatsApp

Prof. Umar Danbatta, the Executive Vice-Chairman, Nigeria Communications Commission (NCC), says telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023.

Danbatta, who spoke in Kano on Saturday at a media parley, revealed that the sector had contributed 16 per cent to the nation’s Gross Domestic Product (GDP) within the period under review.

READ ALSO

An encounter with ex-soldier’s wife and her grandchildren

‘We are coming after bandits, terrorists’ —CDS Musa declares in Kaduna

He said that the statistics by the NCC was based on the computation by the Nigeria Bureau of Statistics (NBS).

He said: “From about eight per cent contribution to GDP in 2015, when I came on board as the EVC of NCC, quarterly GDP has increased significantly to reach its current threshold of 16 per cent.

“And this has continued to positively impact all aspects of the economy.”

Danbatta, however, attributed the success to “thorough sustained regulatory excellence and operational efficiency by the Commission”, adding that the industry has grown in leaps and bounds over the past two decades.

“We have witnessed explosive growth, improved regulatory standard, digital innovation that have generated global recognition,” he said.

He said that telephone users in Nigeria had hit 218.9 million, internet subscribers 159.5 million, while broadband users in the country now are 88.7 million within the period under review.

Danbatta listed issue of Right of Way (RoW), fibre cuts, high capital requirement for deployment, multiple taxations and regulations, among other frustrations, constituting barriers to broadband deployment in the country.

The EVC, however, assured that the NCC would “navigate regulatory complexities, digital divide and literacy to tackle the challenges”.

He said that the commission would establish an emergency communication centre in each of the 36 states of the federation and the Federal Capital Territory, Abuja.

Danbatta said establishing the centres was necessary, so as to bridge the gap between distressed and emergency response agencies in the country.

He explained that the commission had increased the amount of research grants being given to universities from N20 million to N30 million.
He said that three universities had benefitted from the new grant, so far.

“NCC as a regulator is mindful of the fact that telecom is an enabler and catalyst for economic advancement of the country.

“It has consistently made available, affordable and accessible telecoms service to check certain telecoms barriers,” he said.

Danbatta added that the task of the commission as a regulatory agency in the development of the telecommunications sector was to ensure best practices.

He said that this was in view of the fact that NCC was one of the sectors that had contributed to the enhanced growth of the Nigerian economy.
The vice-chairman pointed out that other major challenges confronting the commission included wilful destruction of its facilities and the number of taxes imposed on telecommunication companies.

“The challenges being faced by the commission include 41 categories of taxes imposed on telecommunications companies and wilful destruction of our facilities,” he said.

He said that the commission would continue to engage stakeholders in the media industry in order to keep members of the public abreast of its activities.

Related Posts

An encounter with ex-soldier’s wife and her grandchildren

September 30, 2023
DHQ retires dozens of Generals

‘We are coming after bandits, terrorists’ —CDS Musa declares in Kaduna

September 29, 2023
Tribunal fixes Wednesday for Kano governorship judgement

Court orders Kano gov’t to pay traders N30bn for demolishing their shops

September 29, 2023
FG ends borrowing – Finance Minister

FAAC: FG, states, LGs share N1.1 trillion for August

September 29, 2023
$3bn NNPC loan will be used to stabilise the naira – NEC

$3bn NNPC loan will be used to stabilise the naira – NEC

September 29, 2023
We have no plans to increase taxes- FG

Why Nami paid N5bn to tax reforms committee – Oyedele

September 29, 2023
No Result
View All Result

Recent Posts

  • An encounter with ex-soldier’s wife and her grandchildren
  • ‘We are coming after bandits, terrorists’ —CDS Musa declares in Kaduna
  • Tribunal upholds election of A/Ibom governor
  • Kano governor appoints 116 new aides
  • Sokoto: Police ban rallies before and after tribunal judgement

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021

Categories

  • A Nigerian elder reflects
  • Agriculture
  • Analysis
  • Around Nigeria
  • Arts
  • Automobile
  • Aviation
  • Banking
  • Bazooka Joe
  • Blast from the past
  • Books
  • Breaking News
  • Business Scene
  • Capital Market
  • Cartoons
  • Chronicle Roundtable
  • Column
  • Crime
  • Culture
  • Defence
  • Development
  • Diplomacy
  • Economy
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Features
  • Figure of the day
  • Finance
  • For the record
  • Fragments
  • Gender
  • Health
  • Housing
  • Human rights
  • ICT
  • Infographics
  • Insecurity
  • Insurance
  • Insurgency
  • Interviews
  • Investigations
  • Judiciary
  • Kannywood
  • Labour
  • Lead of the Day
  • Legal
  • Letters
  • Lifestyle
  • Literature
  • Live Updates
  • Manufacturing
  • Maritime
  • Media
  • Metro News
  • My honest feeling
  • National news
  • News International
  • Nollywood
  • Obituaries
  • Oil and Gas
  • On the hot burner
  • On The One Hand
  • On the one hand
  • Opinion
  • Our Stand
  • Pension
  • People, Politics & Policy
  • Philosofaith
  • Photos of the day
  • Politics
  • Power
  • Property
  • Quote of the day
  • Railway
  • Religion
  • Science
  • Security
  • Special Report
  • Sports
  • Technology
  • Telecommunication
  • The Plumb Line
  • The way I see it
  • The write might
  • This queer world
  • Tourism
  • Transport
  • Tributes
  • Uncategorized
  • Video
  • View from the gallery
  • Women

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • PRIVACY POLICY
  • CONTACT US
  • ABOUT US

© 2020 21st Century Chronicle

No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY

© 2020 21st Century Chronicle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.