Nigeria opens arms to investors

BUSINESS

|
Image: By BiztechAfrica
Nigeria opens arms to investors

Highlighting growth potential and telecoms infrastructure improvement, Nigeria has invited more investment.

The country highlighted its ICT growth and investment potential during Nigeria Day at ITU Telecom World 2012 in Dubai.

Nigerian Telecommunications Minister Omobola Johnson, said: “The greatest opportunity for us is the opportunity of inclusive development. ICT become a leveller allowing parts of population, such as those in rural areas and the socially disadvantaged, to be brought into the economy and close the digital divide.”

Minister Johnson outlined the challenges of rolling out broadband infrastructure, be it fibre or satellite, at a cost that is affordable to the people. About 60% of Nigeria’s population live in rural economies, she notes.

However, the government pointed out that Nigeria has been one of the most dynamic ICT sectors in recent years as the country’s 160 million-strong population have leap-frogged fixed line telephony to go mobile. Today, Nigeria has achieved 70% voice penetration. However, broadband reach is currently only about 1% of the population.

Vice President Namadi Sambo joined the Nigeria National Pavilion at ITU Telecom World 2012 to support Eugene Juwah, Executive Vice President of the Nigeria Communications Commission as he called for foreign investors to partner with Nigeria and realize the country’s broadband potential.

On the question of erratic power impacting on telecoms quality of service, Sambo said base stations running on generators would soon be a thing of the past as the government pushed its power generation programmes.

He added that President Goodluck Jonathan’s administration had put in place an enabling environment for investment in Nigeria.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

VMware reports third quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter of 2014. Read More

CA Technologies study reveals application divide

A global study commissioned by CA Technologies reveals that that “Leaders” who are investing in new innovation and development capabilities are growing revenue at more than twice the rate of “Laggards,” creating an Application Divide in the marketplace. Read More

RubiBlu eyes African growth

SA-based software firm RubiBlu plans to expand in Africa on the back of significant growth. Read More

MTN Business partners Ghana SME 100 Ranking

MTN Business has been announced as the headline sponsor of the first annual Ghana SME 100 ranking, an initiative put in place to identify and honour the country's top 100 local Small Medium Enterprises.  Read More

Banks deny charging customers for BVN

Money deposit banks (MDBs) have denied allegation that they were milking their customers through ongoing Bank Verification Number (BVN) project of the Central Bank of Nigeria (CBN). Read More

Schneider Electric to acquire InStep Software

Schneider Electric, the global specialist in energy management, has entered into an agreement to acquire InStep Software, a leading provider of real-time performance management and predictive asset analytics software and solutions.  Read More

AfricaOnline managed service solution launched in Ghana

Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its AfricaOnline business has launched a managed infrastructure and services solution in Ghana.  Read More

4th Annual CIO100 awards open for application

In conjunction with PwC, the CIO 100 awards, now in its fourth year, is now open for applications. Read More

Kenya’s Wananchi Group raises $130m for African expansion

Kenya’s Wananchi Group, which owns the Zuku pay-TV and fibre brands, has raised US$130 million in funding to expand in East and Southern Africa.   Read More

Investor networks to work towards pan-African Business Angel Network

Investor networks from across Africa attending last week’s DEMO Africa event in Lagos, Nigeria agreed to investigate how to form a pan-African Business Angel Network focused on early stage SME investing on the continent. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

VMware reports third quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...