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

Search News

comments powered by Disqus

MORE BUSINESS NEWS

8 Lessons for entrepreneurs who want to conquer the world

Sage Foundation Chairman Ivan Epstein outlines his top advice for entrepreneurs. Read More

TMT Finance Africa in Lagos 2016 to be launched in partnership with IHS Towers

TMT Finance and IHS Towers have announced the launch of the inaugural TMT Finance Africa in Lagos, Nigeria conference on September 20, 2016.  Read More

FNB, PayPal bring global eCommerce to Botswana

Ogone Madisa-Kgwarae First National Bank (FNB) has announced it will be extending the partnership between FNB and PayPal to offer the PayPal Withdraw Service, previously available only in South Africa, in Botswana. Read More

Survey: businesses have less than two years to make digital inroads

Progress has announced the results of its recent global survey: "Are Businesses Really Digitally Transforming or Living in Digital Denial?"  Read More

Gartner: profit opportunities exist for PC vendors

The worldwide PC market registered one of its lowest quarterly growth rates in the first quarter 2016, but Gartner, Inc. said several profit opportunities exist for PC vendors. Read More

MTN Business makes headway to be an ICT Partner of Choice

MTN Business, the enterprise business unit of MTN SA, plans to focus on three key areas in a bid to become the ICT partner of choice, namely, getting the basics right, accelerating growth and diversifying its revenue streams. Read More

MTN Ghana celebrates 20 years of operations in Ghana

MTN Ghana has unveiled its 20th Anniversary logo at a grand ceremony held at the iconic MTN House in Accra to officially mark the 20 years of operations in the country.  Read More

Copy Cat bets on innovation to grow market share

Kenyan technology company Copy Cat Group is implementing a new transformational strategy to increase its market share in the ICT market.  Read More

Infrastructure investments highlight bright spots for SSA economic diversification

The commodity super cycle may have ended, but there are certainly bright spots for investors across sub-Saharan Africa, IHS has told the World Economic Forum on Africa. Read More

Africa’s CEOs look to innovation and technology to stimulate growth

CEOs in Africa are ramping up their efforts to innovate and find new ways to do business on the continent, according to PwC’s Africa Business Agenda released at the 26th World Economic Forum on Africa in Kigali. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks
Advertisement

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Networks Unlimited officially launches Mellanox Technologies Open Ethernet Solutions

Networks Unlimited, a value-adding distributor of converged technology, data centre, networking, and security technology throughout Africa, has hosted the official Johannesburg launch of Mellanox Technologies,