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Investments In Nigeria’s Telecoms Grows From $38bn to $77bn – Dambatta

Written by Pyramid FM Kano

Professor Umar Garba Dambatta as the current Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umar Danbatta disclosed that telecoms investment inflow grew to $77 from $38 billion by the second quarter of this year.

Danbatta, who made the statement at a media chat with stakeholders in its media industry situated in Kano on Saturday, revealed that the sector had contributed about 16 percent to the nation’s GDP within the period under review.

He said this statistics by the NCC was based on the computation by the Nigeria Bureau of Statistics.

“From about eight percent contribution to GDP in 2015, when I came on board as the EVC of NCC, quarterly GDP has doubled significantly to reach its current threshold of 16 percent in year 2023.

“And this has impacted positively towards all aspects of the economy,” he stated.

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

He therefore pointed that the centres when established, will bridge the gap between distressed and emergency response agencies nationwide.

He therealso, reiterated 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 benefited from the new grant, so far.

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

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

The NCC Boss however said, there are challenges confronting the commission which included wilful destruction of its facilities and the number of taxes imposed on telecommunication companies.

“Among the commission’s challenges include 41 categories of taxes put on telecommunications companies and wilful destruction of our facilities ay some offices,” he said.

He emphasizes that the commission would to engage more stakeholders from the media industries in order to keep members of the public abreast of its activities.

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