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Telecoms investment in Nigeria now $75.6bn, Danbatta declares

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Nasiru Yusuf Ibrahim

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021.

 

KANO FOCUS reports that Danbatta disclosed this at an interactive session with stakeholders in the communications media ecosystem, in Lagos on Wednesday where he provided his scorecards and landmark developments that have shaped the trajectory of growth in the telecoms sector since he became the chief telecom regulator in August 2015.

According to Danbatta, in 2018, investment profile in the sector stood at $68 billion. This increased to $70.5 billion in 2019 and $72 billion in 2020. At the end of 2021, the figure rose to $75,560,563,417.79 ($75.6 billion). The latest figure is the current official investment profile computed in the industry up from the initial $70 billion investment in the last few years.

Investment in the telecommunications sector in Nigeria is computed from two sources: the Central Bank of Nigeria (CBN), and the financial data obtained from service providers by the Commission.

While the CBN collects and calculates an element of the telecoms sector to include FDI, portfolio and others, the Commission collects investment figures from telecom licensees described as domestic investment arising from capital expenditure (CAPEX) which form part of the total investment in the industry.

The NCC CEO said through effective regulatory environment put in place by the Commission, the telecom sector has recorded tremendous growth from an initial investment profile of $500 million as at 2001, when the sector was fully liberalised.

Similarly, Danbatta said the telecom sector has continued to be a major contributor to the Nigeria’s economy through an impressive the sectoral contribution to the nation’s Gross Domestic Product (GDP) quarterly, up from about 8.5 per cent in third quarter of 2015, contributing N10.126 trillion to the nation’s GDP in 2022 alone.

Citing data from the National Bureau of Statistics (NBS), Danbatta said the telecoms sector contributed N10.126 trillion as an aggregate quarterly contribution to GDP in 2022.

“In the first quarter, the sector contributed 12.94 per cent equivalent to N2.246 trillion while the second quarter witnessed an all-time high GDP contribution by the telecom sector to the nation’s economy, standing at 15 per cent and valued at N2.593 trillion. The sector’s contribution to GDP in the third was 12.85 per cent and in the fourth quarter, it grew to 13.55 per cent, which are valued at N2.436 trillion and N2.851 trillion respectively.

“The growth trajectory continued this year as telecommunications and Information Services sector in Nigeria delivered a handsome N2. 508 trillion in terms of financial value contribution to the nation’s gross domestic product, GDP, representing 14.13% in the first quarter 2023,”he said.

Telecoms contribution to national GDP has grown significantly since assumption of Prof. Danbatta as the EVC of NCC in August, 2015, according to available data from NBS.

From 8.50 per cent in 2015, it grew to 9.13 per cent in 2016 and to 8.66 per cent in 2017. In the last quarter of 2018, telecoms contributed 9.85 per cent to national GDP while it added 10.60 per cent in the fourth quarter of 2019.

Also in the second quarter of 2010, it added 14.30 per cent to GDP; 14.42 per cent in the second quarter of 2021. The highest quarterly contribution to GDP by the sector to the economy was 15 per cent in the second quarter of 2022.

Overall, Danbatta said the sector has become a major enabler of economic development in Nigeria, as it continues to positively impact all the facets of the Nigerian economy. “As the regulatory authority for the telecom sector in Nigeria, we are happy that the sector has recorded phenomenal growth statistics in the past two decades of the liberalization of the telecoms sector. However, we will not rest on our oars. We will continue to push upward to greater heights by encouraging expansion of frontiers to put Nigeria’s imprint on the global map of digital economy,” he said.

In addition to the growth in investment and GDP contribution, Danbatta said, “As of May, 2023, active voice subscriptions reached 221.3 million, equivalent of 115.91 per cent teledensity, while Internet subscriptions rose to 159.6 million.

According to the CEO of NCC, broadband subscriptions on Third Generation (3G) and Fourth Generation (4G) networks increased to 92.2 million, representing a 48.28 per cent broadband penetration in the country.

Also, following the issuance of 3.5GHz spectrum licences for the deployment of Fifth Generation (5G) networks in Nigeria, marked by ultra-high speed internet, low latency and high capacity, and the subsequent commercial launch by two of the three licence holders, 5G subscriptions have grown to over 60,000 in many cities in at least 12 states of the Federation.

Danbatta assured of the Commission’s commitment to always give concrete expression to the Federal Government Executive Order 001 focused on Ease of Doing Business and other digital economy-oriented policies, by embarking on various regulatory initiatives that support a friendly investment climate for investors in Nigeria and enhance value for money for telecom consumers.

The EVC particularly commended the media as a strategic partner and enabler of growth in the telecom sector “through accurate, adequate and timely reporting of all regulatory activities of the Commission.”

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Ganduje’s eldest son pays solidarity visit to Kano anti-corruption chairman, ‘lauds govt for investigating father

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Mukhtar Yahya Usman

Abdulazeez Ganduje, the eldest son of the suspended national chairman of the All Progressives Congress (APC), Abdullahi Ganduje, paid a visit to the chairman of the Kano State Public Complaints and Anti-Corruption Commission, Muhyi Rimingado, at his office.

Mr. Abdulazeez visited Mr. Rimingado on Wednesday evening to show his support for the chairman’s anti-corruption efforts.

He also expressed his endorsement of the charges brought against his father, mother, and brother by the commission.

Abdulazeez voiced his concern to the commission chairman about his unjust removal as a director of one of the companies undergoing trial, expressing his distress over being ousted without his consent.

In September 2021, Abdulazeez lodged a petition with the Economic and Financial Crimes Commission (EFCC) against his mother, Hafsat Ganduje, accusing her of corruption. In the petition, he detailed how he was approached by a property developer to assist in acquiring land in Kano for a substantial sum of money.

It was revealed that Abdulazeez paid the specified amounts in US dollars to his mother, Mrs. Ganduje. However, the property developer later discovered that the land he had paid for had been allocated to other buyers and requested a refund.

The Kano anti-corruption commission had previously taken legal action against Mr. Ganduje, his wife, Hafsat Umar, his son Umar Abdullahi Umar, and five others on charges related to corruption, misappropriation, and diversion of funds, amounting to billions of naira. Other individuals involved include Abubakar Bawuro, Jibrilla Muhammad, Lamash Properties Limited, Safari Textiles Limited, and Lasage General Limited.

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Breaking: Kano High Court affirms Ganduje’s suspension

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Ganduje

Nasiru Yusuf Ibrahim

 

Kano state high Court has affirmed the suspension of the National Chairman of the All Progressive Congress, APC, Dr. Abdullahi Umar Ganduje as member of the party.

KANO FOCUS reports that the court presided over by Justice Usman Malam Na’abba on Tuesday affirmed the suspension following an exparte motion filed by Dr. Ibrahim Sa’ad Esq on behalf of two executive members APC Ganduje ward, Dawakin-Tofa local government area, the assistant secretary, Laminu Sani and legal adviser Haladu Gwanjo (plaintiffs) who were part of the nine ward executive who suspended Abdullahi Ganduje on Monday.

The order followed an ex parte motion filed Haladu Gwanjo and Laminu Sani by their counsel Ibrahim Sa’ad.

The plaintiffs, who identified as executive members of APC Ganduje ward, said they brought the motion on behalf of the executive members of the ward.

Gwanjo, who identified as the party’s ward Legal Adviser, was the one that announced the suspension of Ganduje two days ago.

Subsequently, the court ordered, that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee (NWC) of APC.

The State Working Committee of the All Progressive Congress (APC) in Kano had announced the suspension of ward party leaders who earlier announced the suspension of Ganduje.

Recall that the leadership of the party at Ganduje ward in Dawkin Tofa Local Government area announced the suspension of the party’s national chairman, citing corruption charges filed against him by the government.

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Court asks Ganduje to stop parading himself as APC member, affirm suspension

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Mukhtar Yahya Usman

Kano state high Court has granted an exparte order restraining the National Chairman of All Progressives Congress (APC) Dr. Abdullahi Umar Ganduje from parading himself as member of the party.

KANO FOCUS reports that subsequently, the court ordered, that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee (NWC) of APC.

The application granted by Justice Usman Malam Na’abba on Tuesday follows an exparte motion filed by Dr. Ibrahim Sa’ad Esq on behalf of two executive members APC Ganduje ward, Dawakin-Tofa local government area, the assistant secretary, Laminu Sani and legal adviser Haladu Gwanjo (plaintiffs) who were part of the nine ward executive who suspended Abdullahi Ganduje two days ago.

The court directed the four parties (respondents) joined in the matter, include All Progressives Congress (APC), APC National Working Committee (NWC), APC Kano State Working Committee (KSWC), and Dr. Abdullahi Umar Ganduje, to henceforth, maintain status quo ante belum as from 15th April, 2024, pending the hearing and determination of the substantive suit on 30th April, 2024.

Justice Na’abba also held as prayed, stopped State Working Committee APC Kano, from interfering with the legally and validly considered decision of executives of Ganduje ward, essentially on action endorsed by two third majority of the executives as provided by the party constitution.

“An order is hereby granted directing all parties in the suit APC (1st), APC National Working Committee (2nd), Kano State Working Committee APC (3rd), Dr. Abdullah Umar Ganduje (4th), to maintain status quo ante belum as of 15th April, 2024.

” The order thereby restraining the 1st respondent (APC) from recognizing the 4th respondent (Ganduje) as member of APC and prohibiting the 4th respondent (Ganduje) from presiding over any affairs of the NWC and restraining the state Working Committee from interfering with the legally and validly decision of the ward executives of Ganduje ward.

“That the 4th respondent (Ganduje) is prohibited from parading himself as member of APC or doing any act that may portray him or seem to be a member of APC pending the hearing and determination of the substantive suit”.

It will be recalled that nine members of the Ganduje ward proclaimed the suspension of the National Chairman of APC over the allegation of corruption slammed on him by Kano state government.

The nine APC executives said they were prompted to act following a petition written by one Ja’afaru Adamu, a member of APC from the National Chairman’s polling unit.

In the petition, Adamu complained over allegation of corruption charges against the former Governor just as he urged the ward leaders to investigate the matter to redeem the dented image of the party and the implication on President Bola Tinubu’s fight against corruption.

Although, the chairman and secretary of the ward failed to act on the petition filed since 8th April, 2024, nine members of the executives led by the legal adviser had acted upon the petition, a decision that led to the suspension Dr. Abdullahi Umar Ganduje.

In the last one year, the former Kano state Governor Abdullahi Ganduje had suffered serious political setback for loosing his Dawakin Tofa federal constituency in the 2023 general elections where his son U
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