NCC moves for improved telecoms regulations, stresses importance of sector
The Nigerian Communications Commission (NCC) is to improve on telecommunications regulations in the country.
It said the move has become necessary owing to the importance of the industry to other sectors and the Nigerian economy as a whole.
NCC’s board chairman, Prof. Adeolu Akande, made the pledge yesterday at the close of the Board and Management Retreat (BMR) in Abuja.
At the retreat, which began last Thursday and was themed: ‘Expect More, Deliver Result,’ Akande said the board would “go to the drawing table” in ensuring that the commission “is well-positioned to deliver on its mandates.”
The chairman promised that the board would work on issues that could strengthen the regulator to deliver more effectively on its mandates.
He said the event provided an avenue to “assess our achievements and challenges, so that we can brainstorm and determine the most effective and efficient ways to achieve our mandates.”
Akande affirmed that the telecoms industry had over the years maintained its place as one of the top three contributors to the nation’s Gross Domestic Product (GDP) from a meagre 8.5 per cent in 2015 to 14.42 per cent as at the second quarter of 2021.
He added that the sector “is also a major employer of labour with a significant catalytic effect on employment, establishment of small and medium scale enterprises (SMEs) and increased equity and equality among citizenry.”
According to the chairman, the sustenance and development of other sectors of the economy such as agriculture, education, health, energy, services, finance are dependent on telecommunications infrastructure being deployed and stimulated by the NCC as a regulator.
He said globally, the sector is now referred to as the ‘new oil’ because of the continual and potential evolutions and innovations, which guarantee business profitability, growth and viability.
In his keynote address, the commission’s Executive Vice Chairman/Chief Executive Officer, Prof. Umar Danbatta, listed the notable achievements recorded by the organisation in the past two years.
He observed that despite the challenges and disruptions to normal work process, “it is encouraging to see that the challenge has instigated an innovative mindset in getting work done and remaining committed to the achievement of the strategic objectives of the commission.”