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Banks critical to broadband vision , Juwah

By Charles Mgbolu
Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission, Dr. Eugene Juwah has in Abuja said that the Nigerian banks have critical roles to play in the broadband vision of the Commission given their unique position in the economy.

Dr. Juwah who spoke when a team from the United Bank for Africa, UBA, led by its Chief Executive Officer, Mr. Phillips Oduoza, paid him a courtesy call in his office in Abuja, said the Commission is evolving a plan to involve the banks and the various strata of government in the realization of cost effective and affordable broadband services in the country.

He said that the activities of the banks, including the mobile banking services and related solutions, are expected to thrive more under a pervasive broadband infrastructure and expects that the banks will benefit hugely from such a development in the sector.

He said that the banks, therefore, constitute a critical stakeholder in the telecoms business as they facilitate investments in the sector as well as benefit from the services that evolve from the sector.

CEO of UBA, Mr. Oduoza, said that the bank is very willing to support the Commission in the implementation of all its lofty visions for the industry, said there is a lot of synergy between the banking and the telecom industry. He said that point of convergence between the two will continue to grow as both sectors grow side by side, and even as the telecom industry grows even bigger and multifaceted.

He commended the Federal Government for the appointment of Dr. Juwah at the helm of the Commission given his pedigree and accomplishments in the sector.


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