In order to address international telecommunications union ITU’s Internet connectivity infrastructure and access standards for today’s emerging applications and shore up the nations efforts so far, the Nigeria Communications Commission NCC intervened in the increasing investor apathy for Nigeria’s telecoms industry, by organizing a sensitization workshop on the code of corporate governance as a mandatory scheme; and instituted a reward system for whistleblower and compliance. The Minister of Communications Barista Adebayo Shittu held that, Nigeria’s ICT sector, specifically the telecommunications industry is rife for injection of convergence of emerging Broadband technologies; and where better to espouse the value to government than at the Indo-Africa 2017 expo held at the Eko hotel, Ikoyi, Lagos.
The Indian ICT sector showcased their new business for Nigeria, which attracted captains of industry including Dr. Ndukwe the erstwhile EVC Nigeria Communications Commission NCC who championed the mobile voice revolution, Olusola Teniola President ATCON and more. It was also a moment for a light cultural exchange by Barista Shittu who welcomed and invited the Indian delegation to Nigeria’s best appetizer, Suya! Before continuing with his keynote address. The Buhari government’s drive to creating smarter communities would be bolstered by the Indo-Africa Expo offerings ranging from financial services software and broadband infrastructures products to smart city apps and point-of-sale POS devices just to name a few.
Government recognizes ICT’s as key drivers and has factored it in all governments’ frameworks for the societal and economic development. “Says Hon. Adebayo Shittu.
The country has transitioned to 4G networks, studies show that India is the fastest growing telecoms market in the world. Many of these technologies have been tested and used in India and now would be reproduced in Africa, hence presents the opportunity Nigeria needs for effective collaborations to improving its digital fitness. Ironically, the Nigeria Communications Commission NCC laws and regulations required for creating a competition driven telecoms industry are quite broad with overlapping areas that must be updated to addressing emerging ICT’s, thus improving the nations investment climate.
To ensure a win-win situation the Minister outlined some strategies for growth in the sector. “We seek collaborations; not only sales outlet but also investments in our societal and economic growth” Says Shittu.
Many of the Indian companies showcase disruptive technologies that without ex-ante regulations they can do more harm than good, from frequency interference to outright interoperability. The focus of the Indo-Africa ICT symposium is honorable where it bids to improve the nation’s digital fitness. Consequently, the NCC is intervening very timely on the internal management governance in the sector by instituting the code of corporate governance for telecoms industry with reward for compliance. This initiative would allow the non-executive board members NEM bring some order when management is seen not to adhere to the tenets of the telecoms industry governance code.
According to the ATCON President Mr. Sola Teniola, the enabling environment is what industry needs to thrive under any government in power and this current administration is attempting to ensure that this environment is put in place to allow the private sector to contribute the innovative solutions and economic growth that will allow the citizens of the country to benefit from ICT advancements and the efficiency and productivity that this brings to its growth.
This year’s Indo-Africa ICT event in Lagos lists of exhibitors includes KS Infosystems, had a bold innovation, an automated management system for booking transportation fares, collection of waste, and Telimart product catalogue features everything required for a broadband expansion scheme for the hinterlands, a cloud-based hotspot management system for hotels, schools and public places is the best investment for its value to an emerging smart market. Oftentimes hotspot operators focus on providing a free service to their community. The WifiLAN from WiFi-Soft includes advertising features for monetization also monitors URL Logins and your bandwidth.
Finally, In a bid to shore-up possibilities with these ICT’s from India, many other African nation’s that have seen their hopes realized gave testimonies, including Ghana. The spirit of the mandatory code of corporate governance for telecoms industry is the right thing, it is a double edge sword working towards promoting a freer and fair level playing field in Nigeria because, it checks those companies that are too big to fell and mandates improvement to adherence to organizational memorandum of understanding and associations, ATCON President stated.