…Says it’s the explanation for the excessive value of companies, as subscribers bear the brunt
By Chris Ochayi & Oghenerukevwe Akporhonor, ABUJA
The Federal Government has raised the alarm over actions of vandals on telecommunications infrastructure within the nation, saying the ugly pattern was chargeable for the excessive value of companies charged subscribers by the operators.
The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, NCC, Prof. Umar Garba Danbatta, who disclosed this at a civil society spherical desk on the digital financial system, in Abuja, lamented that subscribers bear the results of vandals on services of community suppliers by means of a tariff on voice calls and knowledge.
The spherical desk on the digital financial system with the theme, “maximizing the potential of digital entrepreneurship for youth empowerment and self-reliance”, was organized by Civil Society Groups for Good Governance, CSGGG, and held on the Army Resource Centre, Abuja.
Pof. Danbatta additionally stated mounted broadband infrastructure gaps, proper of approach points, a number of regulation and taxation, foreign exchange shortage, electrical energy and duplication of capabilities are the opposite challenges that contributed to the encumbrances bore by telecoms shoppers.
Represented by Director, Digital Economy Department, Engr. A. Okay. Nwaulune, the NCC boss stated, the vandalisation of telecoms infrastructure create prices and people prices are going to be advance by shoppers.
According to him, “The important thing that I want you to know is that the vandalization create costs, and those costs are going to be advanced by you.
“So you are just getting trouble for yourself by vandalism because you go and cut fibre and you can sell fibre because it’s stolen property, you’re not going to even sell it at the market value because it’s tokunbo that you are selling.
“And you’re creating trouble for others. So we want you to help us market the fact that the more you vandalize, the higher the cost, and the more the tariff more the charges that you pay.”
Speaking on the deserves of the digital financial system, Prof. Danbatta famous that “Economic diversification can greatly be achieved, just as its efforts at social prosperity and integration are clearly obvious.”
Digital financial system, “Requires Home Grown innovative digital Skill, targeted to the peculiarities of the Nigerian Market and Populace and requires a Digitally Literate Citizenry who can take advantage of these innovative solutions.
He noted that “It requires the Digital Infrastructure on which the Training/Skills Acquisition will be provided, and on which the innovative solutions can be deployed.
“The Commission, as a coordinator for Digital Economy for the Communications Industry, continues to strive to ensure all necessary projects, approvals, regulatory amendments and Stakeholder collaboration required to achieve the goal, are carried out. “
On progress recorded in the sector, he said, “The Telecoms sector in Nigeria has witnessed significant and unprecedented growth as Nigeria currently has 187,805,237 mobile lines, and 98.39% teledensity.
“As at July 2021, Broadband Subscription of 75,952,406 and Penetration of 39.79 %
“The telecoms Sector has enabled economic transformation in various sectors of Nigeria’s economy; Banking, HealthCare, Commerce, Education, Agriculture etc. The Digital Economy offers Nigeria the opportunity to grow and diversify its economy from the overdependence on oil & gas.”
He stated, “Digital economy; Digital Economy refers to the full range of economic, social and cultural activities supported by the Internet and related emerging information and communications technologies.
Three components of the digital economy are Infrastructure, Innovative services and entrepreneurship products and Digital Skills.
In his remarks, the President of the Civil Society Groups for Good Governance, CSGGG, Mr Konrad Ogaku Dominic, explained that the major reason for convening the round table was to create awareness and to inform the average unemployed youth that the dynamics around job creation and employment has changed.
Mr. Dominic reasoned that to this ends, there’s a need to update, there’s a need to set a different trajectory as to how we can talk about the issue of unemployment, and employability.
According to him, “And I feel that as civil society, our role is very simple, is to be able to sensitize greater winners support government, and ensure that we expand the horizon for other people to profit from. And that’s exactly what we are trying to achieve with this round table.
“Yes, because the digitization or digital economy has been there. But are we maximizing it? Have we been able to use it to solve our problems? Have we been able to expand the scope to catch up for those, especially in the rural area? Are we practising it? Are we scaling?
“The opportunities are involved. So to maximize simply means to take advantage to ensure that we are not losing out. I believe that from this conference, we’ll be able to have the next billionaires, the next set of internet billionaires.
“ Don’t forget, there are a lot of challenges surrounding the issue of the digital economy. One of them is fraud. And for us, we feel that we have to expand the discussion so that the average Nigerian will know that when we talk about the digital economy is not about using it to defraud or to disrupt the entire process, but to know that they have the advantage that enormous in the entire process.”
Vanguard News Nigeria