Wednesday , 26 June 2019
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Telecoms Industry Revenue To Hit $2.4trn In 2019

Telecoms Industry Revenue To Hit $2.4trn In 2019

The Nigerian Communications Commission (NCC), yesterday, quoted a recent forecast by Insight Research Corp, which predicted that worldwide telecommunications industry revenue would reach $2.4 trillion In 2019, saying data services would drive the growth in Nigeria.

The director of research and development department, NCC, Mr Ephraim Nwokenneya, made this known during the opening ceremony of the fifth regional roundtable with academia, industry and other stakeholders in the north central region in Minna, Niger State.

Nwokenneya pointed out that consumer demand for the latest wireless devices and higher bandwidth were driving growth in the telecommunications service, while the shift to cloud-based solutions was enriching the value of networks, saying a large percentage of business activities now depend on these mobile devices and network applications for everything from electronic commerce to navigation to consumer service, adding that Nigeria has become an integral part of the global ICT community, contributing its quota to advances in the ICT globally.

He emphasized the importance of research and development in driving growth in the telecommunications sector, saying the roundtable was to strengthen collaborations between the regulator, academia and the telecom industry to drive the needed research to strengthen growth in the industry.

Earlier, the executive vice chairman of the NCC, Prof. Umar Danbatta,  identified the academia as a key driver of innovation in all spheres of human endeavour, saying the ideas, inventions and improvements that emanate from the academia are required by industry for improved efficiencies and productivity.

Danbatta represented by the commission’s director of spectrum administration, Mr Austin Nwalune,  underscored the need for collaboration between the academia, industry and regulators to ensure technologies can be properly harnessed and standards built in such a way that is beneficial to all stakeholders.

The NCC boss restated the commission’s commitment to facilitate contributions from the academia to ensure sustainability and economic growth by making grants and funds available for them for research and development purposes.

In his remarks, the vice chancellor of Federal University of Technology (FUT), Minna, Prof. Abdullahi Bala, thanked the commission for consistently engaging the academia and making funds available to promote research and development in telecommunications sector, describing the commission as a strategic stakeholder, saying the academia would always do their best to support growth in the sector.

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