Telecom investments in Nigeria now over $25bn

By PRINCE OSUAGWU, LAIDE AKINBOADE & AMINAT AMUDA
LAGOS—Executive Vice-Chairman of Nigeria Communications Commission, NCC,  Dr. Eugene Juwah, has revealed that investments in the telecommunication sector of the economy have now risen to over $25 billion from about $18 billon in 2009.

According to Juwah, this is good news enough for Nigeria to take to the forth coming International Telecommunications Union, ITU,  Telecom World event in Dubai, United Arab Emirates, to woo investors.

Juwah stated that the country has concluded plans to woo as many investors as possible into the broadband sector to be able to measure up among other countries of the world that have used broadband growth to grow their economies.

He noted that since the ITU Telecom world is a meeting point of who is who in world telecommunications business; it would be the ideal place to take Nigeria’s broadband investment campaign to.

Nigeria has already booked a pavilion and would make presentation on the broadband opportunities in the country to top echelon of the global ICT industry at Leaders Lunch slated for October 15, 2012.

ITU telecom world is an event that features high-quality, influential mix of participants drawn from across the global ICT industry and since inception, Nigeria has always been a major participant.

The conference is expected to run through October 14-18, 2012 and according to Juwah, Nigeria will also feature prominently with a theme ‘Nigeria Broadband: Towards a connected nation’.

Explaining the reason Nigeria is harping on broadband to woo investors, Juwah said that “the trail of technology is to provide one-on-one communication”.