General News
NCC Reaffirms Commitment to Tackling Telecom Infrastructure Deficit
The Nigerian Communications Commission (NCC) has reiterated its commitment towards the implementation of various regulatory initiatives and programmes, in collaboration with all stakeholders in the telecom ecosystem, towards bridging identified gaps and shortages in critical telecom infrastructure in the country.
The overarching objective is to fulfil Commission’s mandate and support extant and emergent policies and strategies of the Federal Government focused on providing ubiquitous, accessible and affordable broadband services in Nigeria.
Prof. Umar Garba Danbatta, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NCC, stated this during an in-house interview which took place at the Commission’s Head Office in Abuja recently.
The EVC emphasized the centrality of infrastructure to telecom service provisioning by asserting that availability of broadband in sufficiency was non-negotiable and irreducible in the nation’s strategy towards delivering pervasive telecom services.
Danbatta also put the efforts of Government in context towards addressing infrastructure gaps, and commended both state and non-state actors for the vision, diligence and continued dedication to the implementation of the Nigerian National Broadband Plan (NNBP) 2020-2025, an initiative of the Federal Government, being driven by NCC and conceived to address infrastructure gaps in the telecom and ICT sector.
The EVC said he was gratified that the new plan particularly took into consideration, the identified gaps and challenges in its precursor, the National Broadband Plan 2013-2018, which implementation the NCC was equally central to.
According to Danbatta, one of the identified gaps to robust connectivity was the fact that inadequate infrastructure remained a bane to achieving desired broadband penetration to boost access to services that will enhance economic growth and development.
He emphasised that the Commission recognises the importance of infrastructure expansion and this explains its unequivocal commitment and desire to see the licensed Infrastructure Companies (InfraCos) work speedily and with precision to cascade fibre to the hinterland, in order to enhance robust telecom service provision.
He said the InfraCo licensees, expectedly, also prioritize stipulated licensing conditions to ensure expected milestones set by the Commission are achieved.
The EVC stated that Commission’s target for licensing the infraCos was to ensure the deployment of fibre infrastructure needed for pervasive broadband penetration across the 774 local government areas (LGAs).
This, he said, will ensure access to telecoms services in the hinterlands of the country, and by so doing address the challenges of access confronting the unserved and underserved areas of the country.
Danbatta also placed on record Commission’s desire for inclusiveness as seminal to erecting sustainable telecom architecture. This, according to him is critical in ensuring the achievement of Federal Government’s target on digital access and financial inclusion.
One visible area of beneficial financial service riding on telecom infrastructure is the provision of Unstructured Supplementary Service Data (USSD) for financial transactions across various financial institutions’ platforms.
This feat, Danbatta asserted, has brought ease to financial transactions, even as he recalled that NCC is providing support for e-payment initiatives and policies of the Central Bank of Nigeria (CBN), including the e-Naira project, which is the digital currency issued and regulated by the apex bank.
“So, the Commission is committed to ensuring inclusiveness by ensuring the provision of affordable and pervasive accessibility to the Internet as emphasised by the International Telecommunication Union (ITU) and the United Nations (UN).
“We are aware that until commensurate infrastructure is deployed in the country, the country may not hit the required target necessary for the desired economic development,” the EVC added.
Additionally, Danbatta stated that the Commission has recorded remarkable progression with respect to contribution to Gross Domestic Product (GDP). This is besides facilitating investment, enhancing Quality of Service (QoS) to enhance consumer quality of experience and stakeholder satisfaction in line with the expectations of the Strategic Management Plan 2020-2024.
He assured that Commission will heightened efforts in all areas of the Plan as streamlined in new Strategic Vision Implementation Plan (SVIP) 2021-2025, including facilitating strategic collaboration and partnering through which it has forged quantifiable strategic alliances with its ever-expanding array of stakeholders.
Concerning NCC’s pioneering strides in the deployment of Fifth Generation (5G) network in Sub-Saharan Africa, Danbatta explained that the rollout of 5G network in Nigeria will require more infrastructure for the service to reach all parts of the country.
He called for concerted efforts and unwavering commitment of all stakeholders for the nation to achieve steady, timely and accurate deployment of 5G services because of its benefits to individuals, businesses and the growth of the country.
Nigeria Customs Service (NCS) is set to introduce an electronic declaration system to streamline and enhance compliance for travelers carrying cash into or out of Nigeria.
Speaking in an interview with the News Agency of Nigeria (NAN) in Abuja, Abdullahi Maiwada, NCS spokesperson, emphasized that the initiative aligns with efforts to strengthen Nigeria’s anti-money laundering framework and reinforce financial regulations.
“The Nigeria Customs Service (NCS) has announced the deployment of an Electronic-Currency (E-Currency) declaration form as part of its anti-money laundering measures for travelers carrying cash into and out of Nigeria,” NAN reported. The system will require travelers carrying amounts exceeding the legal threshold to declare them before arrival or departure.
Maiwada further explained the process, stating, “We have developed a system where, even before leaving your point of origin, you can scan a QR code, access the form, fill it out, and we will be able to see it from here.”
He noted that the initiative, set for rollout soon, will enhance monitoring and facilitate information sharing with relevant authorities.
Under the Anti-Money Laundering (Prevention and Prohibition) Act 2022 and the NCS Act 2023, travelers carrying over $10,000 (about N15.4 million) or its equivalent in negotiable instruments must declare the funds to Customs authorities.
To boost awareness, the NCS is working with airline operators to inform travelers through onboard announcements and plans to reinstate signage at airports and border points in English and French.
The move comes as part of broader efforts to tighten financial controls following a recent case at the Murtala Muhammed International Airport (MMIA), where Customs officials seized $578,000 from a passenger attempting to evade currency declaration regulations.
General News
Aquaterra Energy Secures Multi-million-dollar well Intervention Contract with Intrepid Energy in Nigeria
Aquaterra Energy, a leader in offshore engineering solutions, has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria.
Aquaterra Energy’s turnkey well access package will enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production.
The contract includes the supply of a complete seabed-to-surface intervention system and package, spanning from the subsea tree to surface intervention equipment.
Key components include Aquaterra Energy’s TRT tieback tooling, which provides production bore and annular access, a lightweight well pressure control system, and an ISO 13628-7 qualified open water intervention riser with an integrated tensioning system. In addition to equipment provision, Aquaterra Energy will also deliver ongoing offshore engineering support throughout the project.
The 7- 3/8” lightweight well access solution, has been specifically engineered for deployment from jack-ups and lift boats. This innovative approach offers a cost-effective and operationally efficient alternative to floating vessels, reducing intervention costs while maintaining high safety and performance standards.
Andrew McDowell, Delivery Director at Aquaterra Energy comments: “Our expertise in offshore engineering allows us to develop tailored intervention solutions that address the operational challenges of subsea well access.
This system has been engineered for efficiency, ease of deployment, and safety, helping IEL optimise intervention activities across Nigeria while reducing costs. By delivering a complete, integrated package, we are simplifying complex operations and enabling operators to maximise production potential.”
Engr Seun Alonge, CEO at Intrepid Energy Limited adds: “Working with Aquaterra Energy marks a significant step forward for our intervention operations in Nigeria. Their specialised technology enhances our ability to execute intervention programmes efficiently, maximising performance across our assets.
By combining Aquaterra’s technical expertise with our deep understanding of the local operating environment, we’re confident this collaboration will enhance production outcomes and create lasting value for our operations in the region.”
The project is set to support intervention operations over multiple years, with Aquaterra Energy providing ongoing technical expertise, with a dedicated team of engineers providing ongoing service support throughout the project.
George Morrison, CEO at Aquaterra Energy: “Delivering reliable and efficient well access solutions for shallow water subsea operations is central to how we support offshore operators.
This collaboration with IEL reinforces our commitment to providing cutting-edge engineering solutions that enhance efficiency and reduce operational costs. With West Africa playing an important role in the global energy sector, we’re proud to continue supporting its offshore industry with our expertise and innovative technologies.”
Federal government has temporarily suspended the controversial annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC) after fierce opposition from businesses.
Jumoke Oduwole, minister, Industry, Trade, and Investment, announced the decision during a Ministerial Consultative Meeting in Abuja on Wednesday.
The move follows mounting pressure from private sector groups, including the Nigeria Employers’ Consultative Association (NECA) and the Manufacturers Association of Nigeria (MAN), who slammed the Financial Reporting Council (Amendment) Act 2023 for burdening companies with excessive fees.
The Act mandates cumulative annual charges for non-listed entities and imposes a harsh 10% monthly penalty on unpaid dues, compounding until full payment, a provision that sparked widespread backlash.
At the meeting, major industry players like NECA, MAN, the Nigerian Association of Chambers of Commerce (NACCIMA), oil producers, and telecom operators warned that the fees would cripple businesses already struggling in a tough economy.
Oduwole clarified the suspension, stating, “The government has decided to direct the Financial Reporting Council to pause in the implementation of the new annual dues. You know that I am a lawyer, and a suspension request by the organised private sector would be in contravention of legislation duly passed by the National Assembly. A pause is an administrative process simply to review, in line with what we discussed today.”
She assured stakeholders that the halt would last no longer than 60 days, with a technical working group—including FRC officials and private sector representatives—set up to reassess the policy.
“We are a listening administration. The private sector has requested a range from three months to an indefinite suspension. We are not going to do that. So, at the most, 60 days is in my estimate. We are going to set up a technical working group comprised of the FRC and the organised private sector who have formally written in, and this will be reviewed,” Oduwole emphasized.
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