The Nigerian Communications Commission (NCC) has highlighted the importance of internet connectivity for Small and Medium Enterprises (SMEs) in Nigeria, noting that high-speed internet access is essential for the success of these businesses. The NCC further emphasized its commitment to achieving the target of 70 percent broadband penetration by 2025.
To reach this goal, the NCC has stated that it will provide the necessary infrastructure and regulatory framework for SMEs to thrive and contribute to the country’s economic growth.
Aminu Maida, the executive vice chairman of the NCC, spoke on the importance of telecommunication for economic growth and innovation at the Lagos International Trade fair. He outlined measures the commission is taking to achieve a broadband penetration rate of 70 percent by the end of 2025.
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Maida emphasized the need for increased investment in broadband infrastructure, including through public-private partnerships, and the importance of developing policies that facilitate the deployment of new technologies.
He also highlighted the need for capacity building to ensure that stakeholders, including SMEs, can take full advantage of the benefits of broadband
Reuben Muoka, director of public affairs of the NCC, who represented Maida at the event, emphasised that the telecommunications sector is a key driver of the federal government’s digital economy agenda. He highlighted the role of telecommunications infrastructure in empowering individuals, connecting businesses, and strengthening industries, and stressed the commission’s commitment to ensuring the sustainability and vitality of the sector.
Muoka noted that the NCC is taking steps to promote the use of digital tools and platforms, increase access to broadband services, and improve the quality of services for users. He also mentioned the commission’s efforts to create an enabling environment for investment and innovation in the sector.
He explained that the Minister of Communication, Innovation, and Digital Economy’s Infrastructure Pillar is focused on creating a supportive environment for the implementation of essential digital infrastructure, While it is important to provide faster and more reliable connections, the telecoms industry must also foster an environment of fair competition, innovation, and diversity to create value as this will ensure the sector’s continued growth and resilience.
“This means that we must encourage investment in infrastructure, stimulate research and development, and protect consumers’ interests. By doing so, we can unlock the full potential of our businesses, boost productivity, and ultimately create a more prosperous society. Our regulatory approach is designed to address the ever-evolving landscape of technology. As 5G, IoT, and other innovations become integral to business operations, we are proactive in adapting our policies to support their integration and protect the interests of all stakeholders,” he explained further.
Michael Olawale-Cole, the president of the Lagos International Trade Fair, which is organised by the Lagos Chamber of Commerce and Industry (LCCI), commended the NCC’s broadband coverage target, noting that reliable and affordable broadband is essential for economic transformation and inclusion. He stated that a well-connected population would have access to new economic opportunities, and that the goal of the Lagos International Trade Fair is to support the creation of an enabling environment for businesses to thrive.
Olawale-Cole also mentioned the importance of digital inclusion, especially for SMEs, and commended the NCC’s efforts to bridge the digital divide. He expressed his hope that the Commission’s targets would be achieved.