Nigeria opens arms to investors
BUSINESS| Oct. 21, 2012, 12:58 p.m.
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.
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