By kester Omu

Mr. Muyiwa Ogungboye, the Managing Director and the Chief Executive Officer of Estream Networks Ltd has applauded the Nigerian Communications Commission (NCC) on the recent move for determination of cost based pricing for retail broadband and data services in Nigeria.

Ogungboye in a statement in Lagos, believes that the move will strengthen the industry and encourage investors to come in.

“As a stakeholder in the telecom industry, I want to specifically drum support for the call for determination of cost based pricing for retail broadband and data services in Nigeria, which the telecom regulator is presently pushing,” he said.

The eStream boss stated that the move would help reposition the Nigerian telecom industry ecosystem, so that all existing companies operating in the industry can continue to exist and as well as make the industry more attractive to investors with the plan to get true cost of producing broadband. “I am sure that move would lead to more players and investors coming into the industry and this would definitely grow the industry,” he added.

While expressing optimism that the consultant hired to come up with cost based pricing would do an excellent job, Ogungboye emphasized the need for the government at all levels to encourage investment into the sector by reducing the cost of right of way, discontinued multiple taxation and have one shop for all their taxes and make foreign exchange available for the industry.


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