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How NCC moved telecom industry from $500m to $32bn investment

By Emmanuel Elebeke

The Executive Vice Chairman of the Nigerian Communication Commission, NCC, Dr. Eugene Juwah says the guiding principles of the commission which are to be fair, firm and forthright in all transactions are responsible for successes recorded so far by the commission since its establishment fifteen year ago.

He said these values have helped transform the Nigerian telecommunications industry from its humble beginnings in 2001 to where it is at the moment with over 130million connected lines and an investment of over $32billion from a paltry sum of $500million.

According to the EVC, the three values have been the driving force of the commission towards integrity, excellence, professionalism, responsiveness and innovation in all its operation.

The NCC boss made the disclosure in his opening remarks during a joint awareness programme between the NCC and the Economic and Financial Crimes Commission, EFCC last week at the NCC Head Office in Abuja.

He said he was happy to showcase the Commission’s successes to the EFCC because both agencies are vested with primary roles of building modern, enlightened, informed and civic-oriented society.

According to him, with strict application of these values, the sector, has contributed up to 8.69 percent to GDP “This investment profile and the exponential growth no doubt will attract attention to the industry and challenge our moral, professional and ethical commitment to regulatory oversight.”

The EVC congratulated his EFCC counterpart saying that the NCC is not only committed to continuing regulatory transparency but also very committed to protecting the fortunes of the industry.

In his own remarks, the Executive Chairman of the EFCC, Ibrahim Lamorde thanked the Management of the NCC and expressed his pleasure at the way the NCC received him and his team.

Lamorde lamented the high rate of corruption among public servants and said that corrupt Nigerians are taking the advantage of the weak criminal justice system in the country to get away from justice.

The EFFC boss who was represented by a Deputy Director, Public Affairs of the Commission, Mr. Osita Nwajah said the continued exploitation of the weak penal code by corrupt Nigerians to escape justice has remained a major challenge to effective discharge of the EFCC’s statutory mandate.

 


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