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.
MORE BUSINESS NEWS
Gaborone to host inaugural Botswana Seedstars challengeSeedstars World, the global seed-stage startup competition for emerging markets and fast-growing startups, is coming to Botswana for the first time this week. Read More
Nigeria needs $25b investment in broadband, says WoodTelecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria. Read More
Networks Unlimited partners with ProLabsSouth Africa's leading value-added distributor, Networks Unlimited, has announced that it has become a distribution partner of ProLabs, the leading global independent provider of network infrastructure and connectivity products. Read More
British Airways, Safaricom launch SME initiativeBritish Airways and Safaricom have partnered to launch an initiative that will provide international exposure for five business owners in Kenya's Small and Medium Enterprise (SME) sector. Read More
MTN Botswana to widen its servicesMTN Business Botswana has reaffirmed its commitment to use its extensive capabilities in the telecommunications sector to provide relevant, quality and affordable ICT solutions to local businesses. Read More
Yet another date for BTCL IPOBotswana's Minister of Transport and Communications says the long awaited Botswana Telecommunications Corporation Limited (BTCL) Initial Public Offering (IPO) will be settled before the end of this year. Read More
NCC gives MTN fresh window to pay N1.4tr fineThe Nigerian Communications Commission (NCC) has opened a new window to MTN Nigeria for the payment of N1.4 trillion fine imposed on the telco. Read More
MTN Nigerian fine deadline extendedThe deadline for the payment of the $5.2 billion fine imposed on MTN in Nigeria has been extended until negotiations between MTN and the NCC have been concluded. Read More
Vodacom, Tracker SA unveil fleet solution in NigeriaVodacom Business Nigeria and Tracker South Africa have unveiled their Fleet Management solution in Nigeria. Read More
Innovative payment solutions a hot topic in SSA: studyThe first shopping and retail social listening study, released by MasterCard, reveals consumer trends in three sub-Saharan African markets. Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.