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Major reversal growth trajectory hits telecoms industry


• Broadband penetration drops by 3.84%, as 6m Nigerians lose Internet access
• Future GDP growth, contributions look bleak
• Stakeholders foresee faster recovery
Nigeria’s telecommunications sector, which has been a major contributor to the country’s Gross Domestic Product (GDP), has suffered a decline in growth trajectory. This is due to drop in subscriptions and other industry fundamentals in the last five months.
Findings showed that growth of the sector has been on the downward slide as over 12 million mobile subscriptions have been cut off. Access to the latest industry subscription statistics released at the weekend by the Nigerian Communications Commission (NCC) confirmed this challenge as the country’s tele-density dropped by 6.34 per cent. ....

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ATCON to host ICT stakeholders on new National Broadband Plan


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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. ....

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