Facebook Twitter LinkedIn RSS
    Trending
    • SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem
    • Sophos expands solution to guide organizations to mitigate internal vulnerabilities
    • Businesses in Africa Get a Boost as TD Africa and Zebra Team Up to Accelerate Growth
    • Nnamani bags Digital Economy Icon of the Year Awards in Ghana
    • Nigeria’s Digital Awareness Programme Wins Top Global ICT Award
    • Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations
    • New Horizons celebrates two decades of digital empowerment with AFRIBIS award
    • Verve: Powering Africa’s payment evolution for over 15 years
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Group attributes $77b telecom investments in Nigeria to Danbatta’s regulatory prowess
    News 2 Mins Read

    Group attributes $77b telecom investments in Nigeria to Danbatta’s regulatory prowess

    mmBy ITPulseOctober 4, 2023
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Umar Danbatta
    Prof. Umar Danbatta
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A telecom stakeholder group, the Nigeria Information Technology Reporters’ Association (NITRA) has attributed the staggering $77 billion investments to Nigeria’s telecom sector to the regulatory prowess of the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta in the last eight years.

    The group in a statement signed by its National Chairman, Chike Onwuegbuchi noted Danbatta’s remarkable leadership and the unprecedented achievements in the nation’s telecom sector, catapulted the sector to the forefront of the nation’s economic landscape.

    “Under Danbatta’s visionary leadership, Nigeria’s telecom sector has witnessed an astounding transformation, transcending previous limitations and emerging as a beacon of progress. His eight-year tenure as the EVC of the NCC has seen the sector attract a staggering $77 billion in investments, catapulting it to the forefront of the nation’s economic landscape,” the statement reads.

    The ICT group lauded Danbatta for overseeing a sector that now contributes a substantial 16 percent to Nigeria’s Gross Domestic Product (GDP), a notable increase from its 8 percent contribution in 2015. The financial impact of the sector is undeniable, with a recent report from the National Bureau of Statistics (NBS) revealing a significant N2.508 trillion contribution to the nation’s GDP in the first quarter of 2023, representing 14.13 percent.

    “One of the key achievements highlighted by the ICT community was Danbatta’s bold move to embrace 5G technology, positioning Nigeria as an early adopter in the global digital economy. This strategic decision resulted in the generation of $820.8 million for the federal government from 5G spectrum license fees paid by leading operators,” it added.

    “Furthermore, the issuance of a license to Elon Musk-owned SpaceX for Starlinks broadband services, a satellite-based wireless broadband offering with nationwide coverage potential, has been a game-changer for the industry and a testament to Danbatta’s forward-thinking approach,” he said.

    The ICT group also emphasized the remarkable growth in telephone users, internet subscribers, and broadband users under Danbatta’s stewardship, which has soared to 218.9 million, 159.5 million, and 88.7 million, respectively, noting that these figures, along with the creation of numerous jobs, have underscored the sector’s pivotal role in Nigeria’s economic development.

    Danbatta telecom investments
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem

    July 8, 2025

    Sophos expands solution to guide organizations to mitigate internal vulnerabilities

    July 8, 2025

    Businesses in Africa Get a Boost as TD Africa and Zebra Team Up to Accelerate Growth

    July 8, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem

    July 8, 2025

    Sophos expands solution to guide organizations to mitigate internal vulnerabilities

    July 8, 2025

    Businesses in Africa Get a Boost as TD Africa and Zebra Team Up to Accelerate Growth

    July 8, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem

    July 8, 2025

    Sophos expands solution to guide organizations to mitigate internal vulnerabilities

    July 8, 2025

    Businesses in Africa Get a Boost as TD Africa and Zebra Team Up to Accelerate Growth

    July 8, 2025
    Popular Posts

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025

    SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem

    July 8, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.