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Telecoms investment in Nigeria now $75.6bn, Danbatta declares
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.”
Nasiru Yusuf Ibrahim
The Kano State Governor, Abba Kabir Yusuf, has vowed to appeal the judgement of the governorship election tribunal which nullified his election and declared the APC candidate, Nasiru Yusuf Gawauna as the winner.
KANO FOCUS reports that Yusuf made the declaration on Wednesday night, while making a broadcast to the people of the state.
He said his legal team had been directed to appeal the judgement at the court of appeal in order to reclaim the mandate given to him by the people of the State.
He, therefore, Called on the good people of the state to remain calm and continue to be law abiding as security agents have been directed to ensure the safety of lives and property of the citizens.
“Let me assure you that the this government would continue to work for the development of the people of the state as the judgement will never dampen our spirit or discourage us from the good work we have started.” he said.
The Governor, who thanked the people of the state for their continued support and cooperation, urged them to go about with normal activities.
Nasiru Yusuf Ibrahim
The United Nations Children’s Fund (UNICEF), on Tuesday, said that Kano State has recorded 5,800 suspected cases of Diphtheria from January to date.
KANO FOCUS reports that the Head, UNICEF Field Office, Kano, Mr Rahama Mohammned-Farah, stated this in Kano during a one-day media orientation on Diphtheria outbreak.
The UN Agency said the cases were recorded in 39 local government areas of the state.
According to him, Kano State has the highest number of recorded cases in the country, adding that Diphtheria was a highly contagious and infectious disease that could cause death.
Mohammned-Farah stressed that proactive measures were necessary to stem the outbreak.
“Recently, we have seen a surge in the number of reported Diphtheria cases in Nigeria, and Nigeria is currently facing an outbreak that needs to be stopped and prevented.
“As of July, Diphtheria cases have been on the rise. As of last week, over 400 suspected cases with 11 deaths have been reported in Kano.
“Out of the 39 LGAs affected, eight are the most affected, including Ungogo with 2,651 cases; Dala 989, Fagge 943, Gwale 714, Kumbotso 713, Nasarawa 538, Kano Municipal 506 and Tarauni 269,” he said.
He said that 60.8 per cent of the suspected cases had been reported in children not vaccinated, which reinforced the critical need to address the issue of zero doses, especially in Kano State.
“UNICEF delivered 1.2 million vaccines to the Kano State Government in our continuing support to the government response to Diphtheria outbreak.
“Diphtheria outbreak is a threat to child survival, health and the wellbeing of children. UNICEF is collaborating with government and partners to respond to the emergency to save the lives of children affected.
“In Kano state, UNICEF supported Tetanus-Diphtheria reactive vaccination campaigns in February, April and August, vaccinating 23,200 children in round one.
“While 277,796 children vaccinated in round two and 29,500 others in round-3 of the exercise.
“We engaged 150 traditional leaders on Diphtheria outbreak and distribution of Diphtheria IEC materials, and deployed 1,500 VCMs to the worst affected LGAs to conduct house-to-house sensitisations and referral of suspected cases to health facilities.
“Media has a key role to play particularly in infection prevention, and risk communication and community engagement,” he said.
Also speaking, Dr Muhammad Nasir-Mahmoud, the Director-General, Kano State Primary Healthcare Management Board, said the state government had adopted drastic measures to curtail spread of the disease.
“We are committed towards educating the public about what is happening and the National Center for Disease Control (NCDC) has promised that Kano will be accorded priority in terms of vaccine distribution,” he said.
While describing the media as partners in the fight against Diphtheria, Nasir-Mahmoud urged them to support the campaign against the disease.
Mukhtar Yahya Usman
The Interparty Advisory Council of Nigeria (IPAC) has urged the judges of the Kano election petition tribunal court to discharge its duties with utmost integrity and impartiality.
KANO FOCUS reports that this was contained in a statement issued by the organization secretary Kano chapter Nuhu Idris on Tuesday.
IPAC also called upon the tribunal to consider each case diligently and ensure that all the parties involved are given equal opportunities to present their argument and evidence.
It could be recalled that the election tribunal has fixed Wednesday 20th September 2023 to deliver judgment on APC’s petition against Abba Kabir Yusuf.
A hearing notice issued by the Secretary of the election petition tribunal on Monday said the judgment would be delivered at 9.00 a.m., at the High Court of Miller Road in Kano.
Mr Idris said the organization has acknowledged the importance of the electoral process in a democratic society, where the voice and choice of the people are paramount.
He said the ongoing legal proceedings before the tribunal are a testament to the vibrancy of democracy and the resolve of citizens to seek redress through legal means.
“IPAC firmly believes that justice must not only be done but must also be seen to be done.
“We, Therefore, implore the tribunal to maintain transparency in its proceedings allowing the public and all concerned parties to have confidence in the outcome of the legal process, the statement said.
He added that it is essential that the tribunal’s decisions are guided by the rule of law and the facts presented, rather than any external influence.
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