Connect with us

Technology

Nigeria Achieves 70% Broadband Penetration

Published

on

broadband

Telecoms sector regulator Nigerian Communications Commission (NCC) has said going by the long and short term targets of the National Broadband Plan (NBP), the country has achieved 70 per cent broadband penetration.

Its Executive Vice Chairman/Chief Executive Officer, Prof Garba Umar Dmanbatta, who spoke in Abuja with IT editors during a media interaction, said though the country has gone beyond the 20 per cent minimum broadband penetration as envisaged by the NBP, it is yet to hit the maximum target of 30 per cent.

He said: “Our performance shows that we as a nation have achieved 70 per cent broadband penetration. To meet the maximum target of 30 per cent broadband penetration, all other agencies that have roles to play, must perform the roles assigned to them by the NBP document.

“The NBP stated that the country must achieve five-fold in broadband penetration, but this of course depends on the minimum and maximum threshold.

“By multiplying four per cent minimum level of broadband by five, which represents the five- year broadband plan, it will give 20 per cent minimum broadband target and by multiplying six per cent maximum broadband penetration as at 2012 by the five years broadband plan, it will give 30 per cent broadband penetration, which is maximum target at the end of 2018.

“Nigeria had in 2017, surpassed the minimum target of 20 per cent, working towards achieving the maximum target of 30 per cent by the end of 2018. This is according to the NBP.

“As of today, Nigeria has achieved 22 per cent broadband penetration, which is close to achieving the 30 per cent.

“The achievement in broadband penetration gave rise to the first phase licensing of Infrastructure Companies (InfraCos) to drive broadband infrastructure deployment that will enable broadband penetration.”

According to CEO, the licence was planned to cover six geopolitical zones of the country, as well as Lagos that was mapped out as a zone for the purpose. MainOne was licensed to cover Lagos Zone, iConnect, a subsidiary of IHS was granted licence to cover Northcentral zone.

“These two zones were licensed before I came on board as NCC’s EVC, and it was during my tenure that we licensed additional five zones. They include Northwest, Northeast, Southwest, and Southeast, Southsouth.

“The beauty of the licence is that it is cheap because the NCC is not keen at making so much money in licences. We are building a system that will make Nigeria Inter and interconnected,” he said.

He recalled that on assumption of office in 2015, the management of the Commission unveiled the Eighth-Point Agenda for the industry, among which is broadband penetration, stressing that Commission, under his leadership, is keen at driving broadband penetration in the country.

“Before we came on board in 2015, there was a Presidential Broadband Committee set up by the Federal Government and the committee was chaired by the former NCC Executive Vice Chairman, Dr. Ernest Ndukwe and Zenith Bank Chairman, Mr. Jim Ovia. The committee did a good job in coming up with a detailed five-year National Broadband Plan (NBP) from 2013-2018 for the country.

“On Page 9 of the NBP, it stated that broadband penetration as at 2012 was between four and six per cent and there were measure through which broadband penetration could be achieved,” Dambatta said, adding, however, that the achievement of broadband penetration is not the responsibility of NCC alone, but a combined responsibility of agencies, such as the National Information Technology Development Agency (NITDA), NigComSat, Galaxy Backbone, and other critical stakeholders, such as telcos. “NCC and other agencies of government were given their roles to play in other to achieve faster broadband penetration,” he insisted.

On the challenges facing the achievement of NBP, he said there are national and regional challenges to broadband penetration. “In these two broad areas of challenges, there are backbone infrastructure challenges as well as challenges of broadband access in underserved and unserved areas of the country.

“In the area of access, we have about 200 access gaps but through the effort of NCC, we have been able to reduce them to about 190. Nigerians living within the 190 access gap areas, are not experiencing telecommunications services and this is a challenge we need to address as a country.

“It addresses the challenges, there is need for capacity building in order to leverage ICT to do greater things and in better ways. So, we need to sensitise the people and empower them with ICT tools that will make them achieve their dreams.

“NCC for instance, is pioneering the Advanced Digital Acquisition Programme for tertiary institutions, where we have the highest concentration of talented youths. “By the time they acquire the skills, they will be able to develop ICT Applications. NITDA is also involved in ICT training and skills acquisition through its sponsored scholarship programme for students studying ICT related courses up to doctorate level.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Startups

Madica Empowers African Startups with $200,000 Investments Each

Published

on

Start-up - Investors King

Madica, a structured investment program dedicated to nurturing pre-seed stage startups in Africa, has announced its inaugural investments in three innovative ventures.

Each of these startups is set to receive up to $200,000 in funding from Madica and will participate in the program’s comprehensive 18-month company-building support initiative.

The investment program provides a personalized curriculum, hands-on mentorship, founder immersion trips, executive coaching, and access to Madica’s extensive global network of investors for follow-on funding.

The primary objective of this support is to drive growth and ensure the long-term success of the startups.

Emmanuel Adegboye, Head of Madica, expressed his excitement regarding the investments, highlighting the abundant talent and innovation present in the African tech ecosystem.

He said Madica is committed to supporting African founders who often face challenges in accessing necessary support due to perceptions of risk among global investors.

Madica employs an open application process, collaborating closely with local ecosystem players such as incubators, accelerators, and angel networks to identify and support promising entrepreneurs.

The selection process remains rigorous, with investments made on a rolling basis throughout the year.

With plans to invest in up to 10 additional startups this year, Madica aims to expand the reach of venture capital and founder mentorship across Africa, addressing the existing imbalances in funding availability.

The announcement of these investments marks a significant milestone for the selected startups, providing them with vital financial support as well as access to invaluable resources and networks to propel their growth and success in the competitive landscape of the African startup ecosystem.

Continue Reading

Social Media

Meta’s Revenue Woes Shake Tech Industry Confidence

Published

on

Facebook Meta

The tech industry faced a wave of uncertainty as Meta Platforms Inc., formerly known as Facebook, delivered a disappointing earnings report that sent shockwaves through the market and dented investor confidence.

Meta’s forecast of weaker-than-expected sales for the current quarter, coupled with plans for higher capital expenditures, rattled investors who were eagerly anticipating robust results.

Shares of Meta plummeted by as much as 19% in after-hours trading to trigger a cascade effect across the tech sector.

The tech-heavy Nasdaq 100 Index experienced a decline of up to 1%, reflecting broader concerns about the health of the industry.

Analysts and investors alike expressed dismay at Meta’s inability to meet revenue expectations, citing uncertainties surrounding the company’s adoption and monetization of artificial intelligence (AI) technologies.

Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors, highlighted the disappointment on the revenue front, overshadowing any optimism about AI adoption.

Questions lingered regarding the efficacy of AI investments and their potential benefits to users, leading to increased skepticism among stakeholders.

The repercussions of Meta’s earnings miss extended beyond its own stock, impacting other tech giants slated to report earnings in the coming days.

Alphabet Inc., Amazon.com Inc., and social media companies like Snap Inc. and Pinterest Inc. all witnessed notable declines, signaling a broader sentiment shift within the industry.

The fallout from Meta’s revenue woes reverberated across the tech landscape, affecting chipmakers, server manufacturers, and software firms. Nvidia Corp., Micron Technology Inc., and International Business Machines Corp. were among the companies affected, as investor concerns over AI investment and revenue growth cast a shadow over the sector’s outlook.

As the tech industry grapples with Meta’s disappointing results, stakeholders are left to ponder the implications for future investments and strategic decisions.

The episode serves as a stark reminder of the inherent volatility and uncertainty within the tech sector, underscoring the importance of diligent risk management and strategic foresight in navigating turbulent markets.

Continue Reading

Social Media

TikTok Vows Legal Battle Amid Threat of US Ban

Published

on

TikTok 1

As the specter of a US ban looms large over TikTok, the popular social media platform has declared its intention to wage a legal battle against potential legislation that could force its Chinese-owned parent company, ByteDance Ltd., to divest its ownership stake in the app.

In what amounts to a fight for its very existence in one of its most crucial markets, TikTok is gearing up for a high-stakes showdown in the courts.

The alarm bells were sounded within TikTok’s ranks as Michael Beckerman, the company’s head of public policy for the Americas, issued a rallying cry to its US staff.

In a memo obtained by Bloomberg News, Beckerman characterized the proposed legislation as an “unprecedented deal” brokered between Republican Speaker and President Biden, signaling TikTok’s readiness to challenge it legally once signed into law.

“This is an unprecedented deal worked out between the Republican Speaker and President Biden,” Beckerman stated in the memo. “At the stage that the bill is signed, we will move to the courts for a legal challenge.”

The urgency of TikTok’s response stems from recent developments in the US Congress, where lawmakers have fast-tracked legislation mandating ByteDance’s divestment from TikTok.

The bill, intricately linked to a vital aid package for Ukraine and Israel, has garnered significant bipartisan support and is expected to swiftly pass through the Senate before landing on President Biden’s desk.

Beckerman minced no words in his critique of the proposed legislation, labeling it a “clear violation” of TikTok users’ First Amendment rights and warning of “devastating consequences” for the millions of small businesses that rely on the platform for their livelihoods.

TikTok’s defiant stance reflects the gravity of the situation facing the tech giant, which has spent years grappling with concerns from US officials regarding potential national security risks associated with its Chinese ownership.

Despite extensive lobbying efforts led by TikTok CEO Shou Chew to allay these fears, the company now finds itself at a critical juncture, where legal action appears to be its last line of defense.

ByteDance, TikTok’s Beijing-based parent company, has also signaled its intent to challenge any US ban in court, signaling a united front in the face of mounting pressure.

However, navigating the legal landscape will not be without its challenges, as ByteDance must contend with both US legislative measures and potential obstacles posed by the Chinese government, which has reiterated its opposition to a forced sale of TikTok.

As TikTok prepares to embark on what promises to be a protracted legal battle, the outcome remains uncertain.

For the millions of users and businesses that call TikTok home, the stakes have never been higher, as the platform fights to preserve its presence in the fiercely competitive landscape of social media.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending