Stakeholders To Protect Nigeria’s $75.6bn Telecom Industry

Stakeholders are set to discuss pragmatic strategies for protecting critical information infrastructure, in a bid to safeguard the country’s $75.6 billion telecom industry.

This is even as the stakeholders, which includes key players in the telecom industry, regulatory bodies, and government agencies will convene at the 7th edition of the Policy Implementation Assisted Forum (PIAFo) with the theme: ‘CNII: Strengthening Protection of Critical Information Infrastructure through Proactive Implementation and Strategic Coordination,’ to brainstorm on pressing infrastructure safety concerns.

The move is prompted by the recent designation of telecom facilities as critical national assets under the Critical National Information Infrastructure (CNII) Order, signed by president Bola Tinubu in August 2024. Industry stakeholders have long expressed concerns over the vulnerability of telecom assets to attacks, vandalism, theft, and arbitrary shutdowns, resulting in significant annual losses and disruptions to telecommunications services.

Lead executive of PIAFo, Omobayo Azeez, while speaking to LEADERSHIP, emphasised the importance of safeguarding the telecom sector, citing its crucial role in facilitating cross-industry linkages, efficiency, and productivity.

‘The telecom sector is the live wire of the Nigerian economy. If it’s not well-protected, all other sectors will feel the ripples, Azeez warned, recalling the nationwide telecom service disruption in March 2024 caused by undersea cable cuts with attendant economic losses estimated at $593.6 million.

RELATED

Tech Upgrades That Ensure Faster Player Settlements

8 hours ago

Customs Grants 223 Importers 21-day Ultimatum Over N379.6bn Duty Violations

15 hours ago

Azeez highlighted the alarming frequency of fibre cuts, with over 50,000 incidents recorded in 2024 alone, resulting in service blackouts and significant repair costs. “In 2023, operators reported spending over N35 billion to repair and replace installed fibre cables that were destroyed. This is a fortune that could have been otherwise committed to infrastructure expansion to improve quality of service,” he added.

To prevent a repeat of such incidents, PIAFo is championing a collaborative approach to infrastructure safety, promoting awareness, inclusivity, and partnerships with the Office of the National Security Adviser (ONSA), the agency tasked to implement the order, as well as other stakeholders.

Endorsed by the Association of Telecommunications Companies of Nigeria (ATCON) and the Association of Licensed Telecom Operators of Nigeria (ALTON), the Summit is scheduled for March 20, 2025, in Lagos.

By convening this critical midpoint engagement platform, PIAFo aims to facilitate a comprehensive and inclusive approach to implementing the CNII Order, ensuring the long-term protection and growth of Nigeria’s telecom sector.