Telecom
NCC Reaffirms Commitment to Bridging Broadband Infrastructure Gap
The Nigeria Communications Commission (NCC) has reaffirmed commitment to bridge the gap between existing and planned fibre infrastructure to increase broadband penetration in the country.
Prof Umar Garba Danbatta, Executive Vice Chairman (EVC) Nigeria Communications Commission (NCC) stated this at the 10th edition of eWorld Forum, held in Lagos.
The conference organized by Ajomedia Limited was themed: ‘Roadmap to Broadband Everywhere’.
Danbatta who was represented by Oluwatoyin Asaju, Director, Spectrum Administration, Nigeria Communications Commission (NCC) said that they have set up strategy to ensure access to pervasive Broadband through an Open Access Model in line with National Broadband Plan.
He noted that this is in line with the commission’s continued doggedness in ensuring that the lacuna between the existing and planned fibtre infrastructure in Nigeria is narrowed.
He added that the deployment of Optic Fibre transmission network was adopted in the “Open Access Model” so as to bridge the current digital gap and deliver fast and reliable broadband services to households and businesses.
He stated that adequate broadband has been globally acknowledged as the foundation for transformation to a knowledge-based economy.
According to him, “The World Bank has found that a 10 % increase in broadband penetration in developing countries results in a commensurable increase of 1.38% in GDP.
“It has also been proven that for every 10% increase in Broadband penetration, a commensurate increase in employment of 2-3% is achieved. Productivity also increases to between 5-10% with a 10% increase in BB penetration.
“So it is almost impossible to equate any other modern technological tool with Broadband, because of its inherent potential to address issues relating to sustainable development and simultaneously facilitate socio-economic development, while instigating transformative change in all the sectors of the economy.”
Danbatta stated that the establishment of Broadband Implementation & Monitoring Committee (BIMC) was to drive the broadband infrastructure licensing and deployment.
He said that the licensing of the six Infracos was to ensure that they provide IP fiber Optic capacity, to all the 774 LGAs of the federation on an open access, price regulated basis, with a 10 Gbps Point of Access (PoA) capacity in each local government of the federation.
He revealed that broadband can reduce poverty and inequality, help ensure access to health and education, help to mitigate climate change, promote peace and international cooperation, and ensure sustainable development in the decades to come.
He called on government at all levels to curtail the issues of multiple taxation and regulation right of way issues as well as timely and simplified approval processes for site acquisition and harmonized right of way charges in the industry.
This according to him, will enhance the spread of Broadband to the unserved and underserved areas of Nigeria, because if you build an efficient Broadband network everything else will follow.
Aaron Ukodie, Managing director Ajomedia and Publisher eWorldNews, speaking earlier at the conference said that the time is now for us to start setting a new digital agenda, which will lead to achieving a digital revolution.
According to him, to achieve the revolution, the regulator has to focus more on enabling the players and making the environment more investment-friendly.
“The licensed infracos are encouraged to give access to all parts of the country, and this will give them free hands to deploy technology, as new technologies are emerging.
“Nigeria should begin to think about these new technologies, 5G, and how we are going to be able to achieve the digital revolution,” he said.
He stated that for us to achieve this desired revolution, consented effort should be made by the regulator to provide enabling environment for players in the industry to thrive.
Ukodie noted that the environment should be more investment-friendly than it is now, if we must reach the underserved and the unserved people across the country.
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
President Bola Ahmed Tinubu has said that Nigeria will launch four satellites as part of his administration’s Renewed Hope Agenda.
Bola Ahmed Tinubu
Tinubu said this at the opening ceremony of the 25th Anniversary of Nigeria in Space in Abuja.
The anniversary celebration was organised by the National Space Research and Development Agency (NASRDA) in collaboration with the Nigeria Communication Satellite Limited (NIGCOMSAT) and the Defence Space Administration (DSA).
Tinubu, represented by Chief Uche Nnaji, minister of Innovation, Science, and Technology, stated that space was previously exclusive to developed countries, but the foresight of Nigerian leaders facilitated the passing of the Space Act that led to the establishment of NASRDA in 1999.
“Space is an area of limitless opportunities and one in which the advanced countries of the world are relentlessly discovering how the opportunities can be tapped for their advantage.
“It is obvious that Nigeria cannot afford to lag in this global quest of discovering space and how the knowledge from such discoveries can help in solving her internal issues for national development,” he said.
NASRDA has made efforts to develop major space programs in collaboration with the Nigerian Military to develop capacity in the use of space for tactical services, among others.
“Today, the synergy between NASRDA, NigComSat, and DSA has led to a tripodal support upon which an advanced and more robust national space program will be built in the near future.”
“All these giant strides made by this important sector of our dear country are notable and noble with the launch of seven satellites, and efforts are on top gear to launch an additional four satellites within the lifespan of this administration.”
“Great effort should be made to ensure that the private sector is mainstreamed into the heart of our space program for us to do more in the coming years for our national development,” President Tinubu said.
The President also emphasised the need to strengthen the NASRDA Act to help the Nigerian space ecosystem be more vibrant in its engagements, locally and internationally.
“Similarly, the sector will require improved budgetary support to be able to accomplish its programs, whose outcomes can bring massive socioeconomic dividends to Nigeria and her citizens.
“This will also solidify Nigeria’s standing as a leading space-faring country in Africa and further boost her image to competitively attract foreign direct investment because of our locational advantage for cheaper launching services.”
“This restates our administration’s commitment to continue to support the space program to accelerate technological and innovative development.”
In his remarks, Nnaji, who was represented by Mrs. Esuabana Nko-Asanye, Permanent Secretary of the ministry, said the World Economic Forum’s 2024 report projected the global space economy to reach about 1.8 trillion dollars by 2035.
The minister added that the growth would be driven by advances in satellite technology and industries like supply chain logistics and agriculture, among others.
He stated that the growth would also impact the aerospace sector and communications and was expected to generate over 60 percent of the new economic value from space-enabled technologies.
“Space technology offers transformative solutions to global challenges, from monitoring climate change and managing natural resources to enhancing disaster response capabilities.
“Reduced costs and heightened accessibility will encourage increased participation from non-space sectors, integrating space into the fabric of global infrastructure,” the minister said.
He commended the President for recognising the role of space technology in the Renewed Hope Agenda and approving some projects for the agency.
“The President approved for the replacement of NASRDA’s Earth Observation satellites, ensuring the regulation of oversight functions of all space activities in the country and utilisation of space technology to monitor federal government revenues.”
Nnaji called on NASRDA to capitalise on the support of the federal government by expanding its revenue base through partnerships with the private sector.
According to him, the key areas of private sector engagement include commercial space travel, development of satellite technology, resource utilisation, investment in Low Earth Orbit (LEO) ventures, and technology transfer to drive industrial growth.
Earlier, Dr Matthew Adepoju, director-general of NASRDA, recalled that over the past 25 years, the Nigerian Space Program had been a beacon of Nigeria’s aspirations in space exploration and development, thereby placing the country on the global map of space-faring nations.
The DG disclosed that President Tinubu’s administration had recently approved the development of four satellites, which included a Synthetic Aperture Radar (5AR) satellite and the first in Africa.
“This transformative project will be executed under a public-private partnership, ensuring the infusion of expertise and investment to accelerate implementation.
“These satellites will significantly enhance our capabilities in areas such as precision agriculture, disaster management, national security, and urban planning while contributing to global scientific advancements.
“Furthermore, we are guided by the recent Presidential directive to integrate space technology into the operations of all revenue-generating agencies, departments, and ministries in Nigeria.
“This directive underscores the strategic importance of space technology in enhancing efficiency, transparency, and accountability across government functions, ultimately contributing to national development.
“Nigeria’s space assets—including NigeriaSat-1, NigeriaSat-2, and NigeriaSat-X, NigComSat-1, among others—are vital tools for national development.
“These satellites have supported critical disaster management, urban activities in security, health, agriculture, disaster immense value to planning, and broadband connectivity, advancing our nation’s reputation as a space-capable country,’’ he said.
Airtel Africa, a telecommunications and mobile money services provider with presence in 14 countries across the continent, has appointed of Dinesh Balsingh as the Managing Director and Chief Executive Officer of Airtel Nigeria, effective 1st November 2024. By this appointment, Balsingh also becomes a member of the Executive Council for the Airtel Africa Group.
He takes over from Carl Cruz, who returned to his home country, The Philippines, at the end of October.
Balsingh has extensive experience across the telecommunications industry and returns to Nigeria following his appointment as Managing Director and CEO of Airtel Tanzania in 2022. Prior to his move to Tanzania, he served as the Chief Commercial Officer (CCO) at Airtel Nigeria and therefore brings with him considerable experience of the Nigerian telecommunications market.
Balsingh’s career in the telecommunications industry spans over 24 years, having begun his career in 2000 with Hutchison Essar, before moving to Airtel India as a Marketing Director in 2006 and then Tata Docomo in 2011. Balsingh joined Airtel Nigeria as Marketing Director in 2013, before taking over as CCO in 2018.
During his tenure in Airtel Tanzania, Balsingh led the business to achieve record growth through intelligent pricing, product enhancements and disciplined execution of projects, resulting in strong Revenue Market Share (RMS) gains in the highly competitive market.
Speaking on the leadership changes, Airtel Africa Chief Executive Officer, Sunil Taldar said, “Mr. Balsingh’s deep telecommunications experience and strong operational execution, combined with his knowledge of the Nigerian market, will be instrumental in further supporting our corporate purpose of transforming lives across Nigeria.”
Balsingh holds a Master of Business Administration from Thiagarajar School of Management.
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