• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria’s Telecom Investments Reach $77bn In Q2 – NCC

by James Kwen
2 years ago
in News
NCC
Share on WhatsAppShare on FacebookShare on XTelegram

The telecommunication investment inflow in Nigeria has grown from $38 billion to $77 billion by the second quarter of 2023, the executive vice chairman, Nigerian Communications Commission, Prof. Umar Danbatta said.

Advertisement

Danbatta, who disclosed this at a media parley with media executives in Kano at the weekend also said the sector contributed 16 percent to the country’s Gross Domestic Product (GDP) during the period.

He also disclosed that broadband penetration national target will reach 50 per cent before the end of 2023, ahead of the 70 per cent expected by 2025.

“From 8 per cent contribution to the Gross Domestic Product (GDP) in 2015, telecommunications sector now contributes 16 per cent quarterly to the Nigerian economy as of the second quarter of 2023.

“Following the authorisation of more telecommunications companies to operate in Nigeria’s telecoms sector, the investments profile has increased tremendously from $38 billion in 2015 to $75 billion currently and this keeps growing daily.

RELATED

Zulum Flags Off Distribution Of Relief Materials To Flood Victims

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

7 minutes ago
Firm Unveils Indigenous Mortgage System In Lagos

Firm Unveils Indigenous Mortgage System In Lagos

7 minutes ago

“From the sales of Fifth Generation (5G) C-Band Spectrum, the NCC has generated over $847.8 million for the federal government,” he said.

“We have witnessed explosive growth, improved regulatory standards, and digital innovation that have generated global recognition.

“Other milestones and initiatives recorded aside the regulatory activities that culminated in the landmark launch of 5G services in Nigeria include the introduction of Spectrum Trading Guidelines, re-farming and re-planning certain spectrum band for efficiency, the emplaced collaborative process for the release of C-Band Spectrum by Nigerian Communications Satellite (NIGCOMSAT) Limited, and introduction of the Expanded Revenue Assurance Solution (ERAS) to address revenue leakages and improve government revenue from the telecoms industry.

“These initiatives also include Licensing of Satellite Earth Stations, issuing of operating licence to SpaceX Satellite, facilitating the landing of additional submarine Cables, such as the Google 2,000km Equiano subsea Internet cable in 2022, listing of MTN on the Nigerian bourse, licensing of Mobile Virtual Network Operators (MVNOs), introduction of new unlicensed millimeter wave spectrum, and regulation of white space spectrum,” Danbata said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: NCC
SendShareTweetShare
Previous Post

Expanded Tax Net To Boost Govt Revenue, Service Delivery – RMAFC

Next Post

NIMASA Admits Selling 82 Vehicles For N5.8m

James Kwen

James Kwen

You May Like

Zulum Flags Off Distribution Of Relief Materials To Flood Victims
News

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

2025/07/29
Firm Unveils Indigenous Mortgage System In Lagos
News

Firm Unveils Indigenous Mortgage System In Lagos

2025/07/29
Delta Gov’t Assures CNG Filling Station Projects On Course
News

Delta Gov’t Assures CNG Filling Station Projects On Course

2025/07/29
HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup
News

HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup

2025/07/29
Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano
News

Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano

2025/07/29
104,000 Girls Benefit from Cash Transfer Programme In Katsina
News

Katsina Gov’t Begins Free Treatment Of Typhoid For Residents

2025/07/29
Leadership Conference advertisement

LATEST

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

Firm Unveils Indigenous Mortgage System In Lagos

Delta Gov’t Assures CNG Filling Station Projects On Course

HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup

Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano

Presidency Defends Falcons’ Reward, Cites BBNaija ₦150m Prize

Katsina Gov’t Begins Free Treatment Of Typhoid For Residents

JUST-IN: Okpebholo Suspends Aide, Sacks EDOFEWMA Boss

Why Gombe Tops Ease Of Doing Business – Commissioner

APC Governors Condole With Gov Radda After Road Accident

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.