Business
NCC Identifies Power, ICT As Keys To Africa’s Dev
Engineer Ernest Ndukwe, chief executive officer, Nigerian communications Commission (NCC) has identified efficient and reliable public power supply and persuasive and modern information and communication technology (ICT) infrasture and service as keys to Africa’s development.
He said if Africa could get these two infrastructure components right, the other factors of economic growth and development will fall in line and the continent would firmly be on the path of major economic growth.
He spoke at the first African Telecom Hall of the Nigerian Information Technology and Telecom awards (Nitta 2009) in Lagos.
Infrastructural facilities such as roads, transportation systems, public power supply, communication and information technology were inadequate in most of the 52 countries in the continent.
Since essential infrastructure components are required for sustainable economic growth, he said the infrastructure inadequacy prevalent in the region may explain the reason why Africa hosted the highest number of the least developed countries of the world, in comparison to other regions.
Looking at the progress made in the African telecom industry which was among the least developed in the world a decade ago, he stated that the continent then accounted for two per cent of the world’s phone lines despite having 12 per cent of the world’s population.
“Africa therefore, represented a region of major concern to the international community because of her inability to industrialise and embrace essential technology that are required to facilitate and accelerate the economic development of the region.
Ndukwe noted with respect to the ICT infrastructure component, the wave of market liberation that swept across the world in the last decade has positively impacted the continent and nearly all African countries (except Ethiopia) have opened up to private local and foreign investment in the communication sector.
They have embraced market reform and liberalisation resulting in several notable success stories, thus, providing useful examples for other developing nations to emulate. In the last eight years, several African countries have been part of this revolution that has been propelled mostly by digital mobile services.
With the licensing of competitive operators across Africa, the growth of these services has been geometric.
In Nigeria, for example, an average growth of over eight million lines per annum has been recorded from 2001 to 2009.
ICTs have been widely acknowledged as presenting copious opportunities for the creation of unprecedented economic growth for Africa.
Thankfully, most African governments have demonstrated the political will necessary to foster an environment conductive for investment in this sector.
Most African countries have therefore, progressed to a period of communications boom that have opened up new possibilities and frontiers across business, political, social and economic landscape.
Business
Customs Launches Digital Vehicle Verification System To Tackle Smuggling
Business
NDDC Unveils Naval Facilities To Boost Region’s Security
Business
FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
-
Oil & Energy2 days agoHysteria Clashes with Missing Oil Barrels
-
Nation1 day agoCommunity Health Practitioners Marks 2025 Week
-
Business4 days agoNigeria’s Gold, Other Solid Minerals Being Stolen – NEC
-
Editorial2 days agoStrike: Heeding ASUU’s Demands
-
Oil & Energy2 days agoOil Theft: Economic Council Urges NNPC To Strengthen Security In Creeks
-
News2 days agoAir Peace Begins Direct Flight From Abuja To London
-
Business2 days agoNigeria Exits FATF Grey List For Global Financial Crime ………..NFIU
-
Nation1 day agoOgoni Cleanup Programme, Enabling Pathways To Development Of Ogoni – Zabbey
