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Home Business News

NCC, Infracos to boost broadband infrastructure with N265 billion 

Chidinma Nwagbara by Chidinma Nwagbara
January 10, 2020
in Business News
NCC orders immediate suspension of USSD charges by telcos, 5G Network to undergo 3 months trial before approval - NCC , NCC licenses 20 new Internet service providers amidst challenges , 150 million Nigerians risk being defrauded – NCC , NCC warns telcos against cyber fraudsters , NCC rolls out new regulations on drone use, NCC licenses 10 new VAS providers as it projects market to hit $500 million , NCC, Infracos set to develop broadband infrastructure with N265 billion raise , Telecommunications: Broadband penetration set to grow, Telecoms operators fined N2.9 billion over infractions , NCC reacts to claims that minister chased away diaspora commission staff from office complex
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A total of N265 billion is set to be raised by the Nigerian Communications Commission (NCC) and an association of several infrastructural companies (infracos). The fund is expected to be used for the development of broadband infrastructures across the country in the next four years.

According to the Executive Vice Chairman of NCC, Prof Umar Danbatta, N200 billion would be raised by the infrastructural companies while N65 billion, which is subject to the approval of the Federal Executive Council as counterpart funding, would be raised by the commission.

Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS 
Broadband masts

Speaking on the State Accelerated Broadband Initiative, Danbatta said it was in line with the Public-Private Partnership project, which gives room for collaboration with private parties in a bid to provide effective solution.

Why this matters: The Broadband Initiative, when addressed, would help in getting rid of infrastructural deficits in the telecommunications sector. It would also lead to the socio-economic transformation of the country as stated by the NCC boss.

Speaking during a courtesy call by the Ambassador of Sweden to Nigeria, Carl Grans, at the NCC headquarters, Danbatta made known that the project would cut across the 36 states of the country.

[READ MORE: Bank CEOs, NCC, CBN to meet over USSD charges)

“If we can get this done successfully in the next four years, we would have succeeded in transforming the country in multiple ways, especially in managing energy, education, transportation and the environment and meeting some of the Sustainable Development Goals.

 “And because broadband is so desirable, we hope to see the financial inclusion rate increase significantly as well as mobile money services and this would, of course, transform our society,” Danbatta added.

In a recent Nairametrics report, the NCC charged Mobile Number Operators to consider imposing a 45-day porting restriction period on newly activated SIM cards. This came after the regulator conducted a comprehensive compliance audit on the Mobile Number Portability (MNP) Platform from September 4 to 6, 2019 in Lagos.

The MNP was introduced by the NCC in 2013 to encourage competition and ensure that consumers continue to enjoy quality services on all the mobile networks.

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Tags: Mr Carl GransOn the MoneyProf. Umar DanbattaState Accelerated Broadband Initiativ

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