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Economy & Politics

How NCC’s Strategic Management Plan will drive digital economy

The Minister says launching the SMP shows the commission’s seriousness in improving performance matrix.

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How the NCC’s Strategic Management Plan Will Drive The Digital Economy

The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami says the new Strategic Management Plan (SMP) 2020-2024 of the Nigerian Communications Commission (NCC) will be a catalyst for the implementation of the Federal Government’s Digital Economy.

Dr. Pantami revealed this during the virtual launch of NCC’s 5-Year Strategy on Tuesday, accompanied by stakeholders in the Nigerian Telecoms sector, the NCC and sister parastatals of the Ministry.

The SMP 2020-2024 is the visionary document of the NCC, guiding it for the monitoring, planning, analyzing, and assessment of the Commission to reach its goals and set objectives.

The Plan is made up of five success factors identified for the implementation strategy which are: effective communication, human resource capacity, ownership and commitment, development of and adherence to a strategy development manual; and implementation discipline.

READ MORE: NCC reacts to claims that minister chased Diaspora Commission’s staff from office complex

The Minister says launching the SMP shows the commission’s seriousness in improving performance matrix and its efforts in accelerating the National Digital Economy Policy and Strategy (NDEPS) and the Federal Government’s National Broadband Strategy of 2020-2025.

“I feel very excited for the fact that there is a serious improvement in the performance of the Nigerian Communications Commission (NCC). The launch of this SMP 2020 – 2024 is a clear indication of that. When a parastatal is performing, it will create an innovative idea on how to be more successful. When a parastatal is not performing, you will not hear anything on how to implement policies and come up with different strategies and plans,” he said.

How the NCC’s Strategic Management Plan Will Drive The Digital Economy

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The Executive Vice Chairman (EVC) of the NCC, Prof. Umar Danbatta says the Federal Government’s diversification focus is banking on a robust Digital Economy which will drive employment generation and encourage innovation.

“This was prime in our minds during the formulation of the SMP. We have invested great time and effort in ensuring that this document is pragmatic, and I am very confident and excited in its completeness to successfully guide the Commission in achieving the set objectives. We are committed to the implementation of this SMP,” Prof Danbatta said.

Dr. Pantami urged the commission to double its previous successes by aiming for new highs with the implementation of the SMP 2020-2024.

“The NCC must ensure effective implementation of the SMP,” Pantami added.

The face of the New SMP is captured under the acronym “ ASPIRE 2024 ’’, broken down as:

Stanbic 728 x 90

A: Advancement through

S: Strategy

P: Professionalism

I: Innovation

R: Regulatory

E: Excellence.

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Business News

Financial Autonomy: Governors, State Speakers reach agreement

The Governor also said that the final document of the agreement should be ready for implementation by May 2021.

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The Governors’ Forum, Conference of Speakers of State Legislature and other governance stakeholders announced that they reached a resolution over the implementation of financial autonomy for State Legislature and Judiciary.

This was disclosed by the Ekiti State Governor and Chairman Nigeria Governors’ Forum, Kayode Fayemi, after the meeting, which was held in Abuja on Monday, and presided by the Chief of Staff to the President, Prof. Ibrahim Gambari.

What the Governor said

“We are here for legislative and judicial autonomy and Governors; Speakers of State Assemblies and the Judges of the States are on the same page as far as this issue is concerned,” he said.

We just emerged from a meeting with the Solicitor General of the Federation, the representatives of the judiciary and those of the Conference of Speakers and we are all in force; an agreement has been reached.

READ: Finance Minister tasks FG and state governments to control spending

The issue is about implementation. There has been no objection from governors on judicial and legislative autonomy.

As a matter of fact, it would not have passed if governors were not in support in the first instance. So, that issue has been fully and holistically addressed,” Fayemi said.

The Governor also said that the final document of the agreement should be ready for implementation by May 2021 and urged striking workers  to return  to offices “because as far as this has gone, we have met with all the parties concerned and the President, through his Chief of Staff, has been monitoring what has been happening.”

What you should know

Nairametrics reported earlier this month that members of the Judiciary Staff Union of Nigeria (JUSUN) went on strike with the closure of Federal High Courts in different states across the nation. The union said the purpose of the strike was to draw attention to the financial autonomy of Nigeria’s Judiciary.

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Business

Finance Minister tasks FG and state governments to control spending

The Minister also denied claims that the FG printed N60 billion as top-up for March FAAC numbers.

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land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020  , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria

The Minister of Finance, Zainab Ahmed, has called on Governments on all levels in Nigeria to control spending amid decreasing revenues and urged for prudent government spending. The Minister also denied claims that the Federal Government printed N60 billion as top-up for March FAAC numbers.

The Minister disclosed this in an interview on Monday and warned that the FG was not generating enough revenue to align with its spending habit.

READ: UK to return £4.2million seized from Ibori to Nigeria

Zainab Ahmed added that the FG would maintain its stance from January 2021 to end total fuel subsidies in Nigeria, and confirmed talks with organised labour on subsidy removal.

“As a nation, the Federal, State and Local governments must review expenditure patterns. We are spending too much and we are not generating enough,” she said.

READ: Resolving the global debt and liquidity crises, issues and possible solutions

What you should know 

Nairametrics reported last month that the Debt Management Office had announced that Nigeria’s public debt at end of 2020 was N32.915 trillion. The DMO said the sum of the debt included the Debt Stock of the Federal and State Governments, as well as the Federal Capital Territory.

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