• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home National GDP: NCC Expects Further Growth in Telecoms Industry
  • National

GDP: NCC Expects Further Growth in Telecoms Industry

By
Yakubu Musa
-
June 10, 2016
       Says NCC will review 2.6GHz spectrum auction
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has lauded the performance of the nation’s telecommunications industry in the first quarter of 2016, which he said would even improve in the subsequent quarters of the year.
Speaking while receiving a consortium of international investors led by UBS South Africa, Danbatta also disclosed that the commission would soon meet with operators over the recent auction of 2.6GHz spectrum, which saw only MTN Nigeria, bid for 6 out of 14 available slots.
“I think we are happy with the level of compliance to regulatory stipulations in general, minus the MTN incident, which cast some sort of shadow in our regulatory derive to ensure sustainability and stability of the industry.
“I am happy, we are putting that one behind us, and this is attested to by recent statistics by the National Bureau of Statistics (NBS) that the industry recorded a growth of 0.5 per cent to GDP in comparison to the same period last year.
“In monetary terms this is going to translate to over N1.4 trillion, only in the first quarter of this year.
 “While other sectors of the economy is recording negative growth, the telecom industry has been recording positive growth and I think it is poised to grow even further in the subsequent quarters of the year,” he explained.
Answering question on the 2.6.GHz spectrums auction, the EVC said: “ We are doing a post mortem.  And we have not yet met with the operators to find out why they did not bid, except one operator.”
“The intention is to be able to know their reasons, and to know in what way the regulator can come in to relax some of the conditions in the process, if this relaxation can lead to more operators going for the remaining 8.
“I am sure the commission will be disposed to looking at the reasons that prevented other operators from coming forward to bid, except only one,” he further noted.
He said, the commission incorporates elements of flexibility in its dealing with operators, in order to continue to sustain the growth in the sector, which he said, “has the potential to provide an alternative to oil and gas”.
Yakubu Musa
SA Media to EVC
June 9, 2016

—

PRNigeria encourages institutions to be transparent in their information management as it provides news items from authoritative sources for free use by the media
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Nigerian Communications Commission
  • Professor Umar Garba Danbatta
Previous articleCol Inusa: Army Commends Police Over Arrests of Killers
Next articleAviation Security: Federal Government Takes Step To Decongest Abuja Airport
Yakubu Musa
Yakubu Musa
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Inside November’s Security Landscape: How Nigeria’s Intelligence and Anti-Corruption Agencies Fought on All Fronts

Troops Rescue 10 Abducted Women, Recover Rifle, N1.6m Ransom in Kaduna

OPHK Commander Salutes UN OCHA Chief, Warns of Aid Gaps, Pledges NYSC Support

Sharia Court

Shari’ah in Nigeria: A Response to U.S. Congressional Testimony by Ebenezer Obadare

When Terror Has a Tribe: The Media Silence on Governor Alex Otti’s Prison Visit, By Labaran Saleh

ICPC

ICPC Reaffirms Media as Strategic Partner in Anti-Corruption War

Gen. Christopher Gwabin Musa CDS

CCC Tasks New Defence Minister Musa on Bureaucracy, Operational Efficiency, Welfare

Police Service Commission

PSC Holds Stakeholders Meeting on Massive Police Recruitment, Pledges Transparency, Gender Inclusivity

Clement Nwankwo, Executive Director of PLAC

Gender Inclusion: PLAC, EU Urge Swift Passage of Special Seats Bill

Tinubu Swears In Ex-CDS Musa as New Defence Minister

US Cannot Dictate Nigeria’s Constitution — Bwala Rejects Call to Scrap Sharia Law

The National Security Adviser Mallam Nuhu Ribadu

Nigeria must safeguard its democracy Amid Sahel instability – Ribadu warns

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • JUST IN: Gen. Musa Assumes Office as Defence Minister
  • Inside November’s Security Landscape: How Nigeria’s Intelligence and Anti-Corruption Agencies Fought on All Fronts
  • Troops Rescue 10 Abducted Women, Recover Rifle, N1.6m Ransom in Kaduna
  • OPHK Commander Salutes UN OCHA Chief, Warns of Aid Gaps, Pledges NYSC Support
  • Shari’ah in Nigeria: A Response to U.S. Congressional Testimony by Ebenezer Obadare
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Inside November’s Security Landscape: How Nigeria’s Intelligence and Anti-Corruption Agencies Fought on All FrontsTroops Rescue 10 Abducted Women, Recover Rifle, N1.6m Ransom in KadunaOPHK Commander Salutes UN OCHA Chief, Warns of Aid Gaps, Pledges NYSC SupportShari’ah in Nigeria: A Response to U.S. Congressional Testimony by Ebenezer ObadareWhen Terror Has a Tribe: The Media Silence on Governor Alex Otti’s Prison Visit, By Labaran SalehICPC Reaffirms Media as Strategic Partner in Anti-Corruption WarCCC Tasks New Defence Minister Musa on Bureaucracy, Operational Efficiency, WelfarePantami to FG: Prioritize AI Funding for Healthcare Innovation in NigeriaPSC Holds Stakeholders Meeting on Massive Police Recruitment, Pledges Transparency, Gender InclusivityWomen Council Hails Tinubu for Marwa’s Reappointment, Seeks Stronger Partnership With NDLEA on Drug WarTroops Rescue 4 Hostages After Fierce Gun Battle in Bakassi WaterwaysHow Nigerian Youths Can Succeed in a Fast-Changing World – PantamiGender Inclusion: PLAC, EU Urge Swift Passage of Special Seats BillTinubu Swears In Ex-CDS Musa as New Defence MinisterUS Cannot Dictate Nigeria’s Constitution — Bwala Rejects Call to Scrap Sharia Law
X whatsapp