NCC woos investors for Broadband in Nigeria
Filed Under: Media & Tech | Posted: 04/26/2009 at 5:33AM
Comments | Region: Nigeria
Executive Vice- Chairman of the Nigerian Communications Commission, Mr. Ernest Ndukwe, has told global operators in Telecommunications and Information Technology that Nigeria presents unrivalled investment opportunities in Broadband infrastructure.
Ndukwe extended the country‘s invitation on its broadband opportunities to global investors at the World Telecommunications Policy Forum, organised by the International Telecommunications Union. The forum ended in Lisbon, Portugal, on Friday.
In a statement by NCC‘s Head of Public Affairs, Mr. Reuben Muoka, Ndukwe was quoted to have attributed the huge success in the current funding of the telecom and ICT sector in Nigeria to the consolidation programme of the banking sector.
In another statement made available by ITU, the forum agreed that ITU should continue to play its role in facilitating the coordination of internet-related public policy issues and study the management of Internet resources, international Internet interconnection, like tariffs and accessibility, and a multilingual Internet to facilitate the diversity of online participation.
Ndukwe, who participated at a session set up to look at the divergences in the economic crisis, said the global economic meltdown demanded a global effort to deal with the effects the crisis was having on nation-states.
He noted that some portions of the Nigerian ICT industry had been funded by overseas investors, adding that given the global financial crisis, the attendant repatriation of funds by foreign investors had had some negative impact on the smaller companies, which were less able to attract new foreign investments.