• ‘Nigeria’s riotous cattle-herding system stealing growth potential’
• Experts warn against undue optimism
Defying projections and leveraging opportunities presented by the coronavirus pandemic through technology and remote work, Nigeria’s resilient private sector helped the economy to exit recession in the fourth quarter with a growth of 0.11 per cent.
However, there are concerns about the country’s structural problems in the form of foreign exchange pressures, relatively lower oil prices and production, subdued global demand, spiralling consumer prices, repressed purchasing power, heightened unemployment levels, weak investor confidence, worsened insecurity and social tensions.
The country’s Gross Domestic Product (GDP) grew 0.11 per cent in the three months through December from a year earlier, compared with a decline of 3.6 per cent in the third quarter, according to data from the National Bureau of Statistics (NBS) yesterday.
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The Association of Telecommunications Companies of Nigeria (ATCON) has announced its plan to host the maiden edition of Virtual Structured Engagement with Key Stakeholders in the Information and Communications Technology (ICT) Sector on the New National Broadband Plan 2020- 2025 with a theme – Realising the new set target of 70 per cent of Broadband Penetration slated for March 25, 2021.
In a statement by the association and signed by Mr Ajibola Olude, its Executive Secretary, it said the buy-in of the various sub-groups under the membership of ATCON would be leveraged upon to ensure and guarantee that the new Nigerian National Broadband Plan 2020-2025 is adequately positioned to deliver its ultimate purposes for the generality of Nigerians more quickly and strategically.
Fear And Frustration In Nigeria As Millions At Risk Of Phone Suspension By Louise DEWAST
01/22/21 AT 6:01 AM If I don t have my phone, I don t make money, said Raphael Ajih, resting on a rusty metal chair, his hands clenched on his lap.
The government of Africa s most populous country has ordered telecom operators to block the SIM cards of anyone who fails to register for a National Identity Number (NIN) by February 9.
Across the country, many like Ajih are trying to comply with the directive, only to be frustrated by days-long waits to do the paperwork, often in large crowds despite the Covid pandemic.
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