Telecommunication: Stakeholders Demand Review of FG’s Monetary Policies

Investments in telecoms sector hit N2.074trn

Stakeholders of the Telecommunications industry met in Lagos last week and called on the federal government to revisit its fiscal and monetary policies, in order to create enabling environment that will boost infrastructural development and drive broadband penetration in Nigeria.

The forum was organised by the Universal Service Provision Funds (USPF) of NCC, to seek stakeholders’ contribution and collaboration on the best way to fund telecoms projects in the country that will lead to faster broadband penetration across the county.

The stakeholders also called on USPF to undertake telecoms projects like building of Base Transceiver Stations (BTS), popularly called base stations, instead of allowing the telecoms operators to build BTS by themselves, while expanding their networks. They explained that the direct involvement of USPF in building of BTS would facilitate faster broadband penetration in the country.

The Executive Vice Chairman NCC, Prof. Umar Danabatta, while responding to the stakeholders’ complaints on the difficulties that telecoms operators pass through in rolling out telecommunications services in underserved and unserved areas of the country, said poor telecoms infrastructure has been a major challenge to rapid broadband development in the country.

According to him, the required infrastructure needed to drive fast broadband penetration is not available in the country and where such infrastructure exist, they are not adequate to enhance faster broadband penetration.


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