Telecoms sector strategic vision plan for new growth

Umar Danbatta Role of Private SectorWHILE commending the NCC, the Minister of Communications and Digital Economy, Dr.

Isa Pantami, said the SVP will help in delivering on objectives of national policies on digital economy, which will boost private sector growth.He particularly said that he was happy and optimistic that with the new SVP, the NCC will lead the way in the implementation of the NNBP 2020-2025 and NDEPS towards fast tracking the attainment of national targets on digital economy vision of the Federal Government.He said the main function of the communications ministry was to provide an enabling environment for the private sector to thrive, adding this is what the Ministry and regulators such as NCC, under its purview have been doing creditably.He explained that it was necessary for the private sector to be more successful because they control majority of the economy.“Strategic vision is key to the foundation of whatever we do.

New Strategic Vision PlanDIRECTLY tied to achieving this new development is the new five-year strategic vision plan (SVP) 2021-2025 by the Nigerian Communications Commission (NCC), which is expected to provide an effective framework for the implementation of an already unveiled Strategy Management Plan (SMP) 2020-2024.The SVP is expected to enable cross-functional infrastructure, ubiquitous services, and deepen consumer engagement to consolidate the growth of the telecoms sector.

Usually, strategy cascades our national policy for implementation.“This strategy of NCC has cascaded the two national policies that are relevant to it, most importantly, the national digital economic policy and strategy for a digital Nigeria and Nigerian national broadband plan.

Photo: TWITTER/ FMoCDENigeria The National Bureau of Statistics (NBS), has established that the telecommunications sector is the largest segment of the Information and Communications Technology (ICT) sector.Today, Nigeria has one of the largest telecoms markets in Africa, contributing over 17 per cent to the country’s Gross Domestic Product (GDP).The Nigerian Telecommunication sector has evolved over the years to an oligopolistic market structure (a small number of firms have the majority of market share)..

Read Full Story