NCC at GOCOP 2019, highlights ICT sector’s contribution to economy, as investment hits $70b

WorldStage Newsonline– Nigerian Communications Commission (NCC), the country’s independent telecom regulatory authority, has highlighted his ongoing efforts towards engendering security of lives and property for economic development in our country, saying the telecoms industry, in the past 18 years had recorded tremendous growth.

Prof. Umar Garba Danbatta, Executive Vice Chairman/CEO, NCC in his remark at the third annual conference of the Guild of Corporate Online Publishers on October 4, 2019 in Lagos, said the number of active telephone lines in the country at about 175 million, representing a teledensity of 91.65 per cent..

Represented by Mr Omoniyi Ibietan, Head, Online Media and Special Publication, he said, “Today, the number of Internet users is 122.6 million while broadband penetration currently stands at 35 percent. The cumulative investment profile in the sector is over $70 billion.

“At 11.39 percent contribution to the Gross Domestic Product (GDP), the telecom subsector remains a major actor in the national economy. Indeed, as at the second quarter of 2019, Information and Communication Technology (ICT) sector’s contribution to the GDP was 13.88 per cent.

“Today, the positive impacts of telecoms sector – either voice or data resonate in other sectors of the economy and in all the aspects of our daily interactions.”

On the theme of the GOCOP event: “Economy, Security and National Development: The Way Forward in Nigeria”, he said it “is very apt and timely, as it speaks to the fundamental issues that underpin our development outlook as a nation.”

He said GOCOP over the years, remained a segment of the Commission’s broad media stakeholders, who had continually supported in disseminating our activities – policies, programmes and decisions – to its various stakeholders. “We are, indeed, grateful for the professional manner with which you cover our activities from time to time,” he said.

Officials at NCC table at GOCOP 2019
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