Business
Telecom Investment: Association Charges FG On Security
President of the Association of Telecommunications Companies in Nigeria (ATCON), Mr Lanre Ajayi, on Tuesday advised the Federal Government to improve on the security situation in the country to attract more investments into the telecommunications industry.
Ajayi, the President of the Association of Telecommunications Companies of Nigeria (ATCON), gave the advice in an interview with newsmen in Lagos.
Ajayi said that there was the need for more investments in the telecom sector because of emerging technologies which the country had to take advantage of.
He said that it required huge amount of money to deploy these technologies, hence the need for more investment in the industry.
According to him, broadband is the area where more investment is required as only 10 per cent of Nigerians are connected via broadband.
“It takes money to deploy those technologies.
“It takes money to buy the required infrastructure that will enable more Nigerians to get connected either to telephone lines or broadband so we still need further investments in the sector.
“There has been a lot of concern about the quality of service and the simple explanation is the fact that there is more demand to what the infrastructure can cope with.
“To get the infrastructure to be robust enough to accommodate the traffic that is being generated require investment, so there is every reason to encourage investment in the sector,’’ he said.
Ajayi said that the local telecom industry was lucky to have attracted its initial investment, hence the need to retain such investments and even attract more investors.
He said that the sector had good laws that recognised the need for deregulation and digitisation and this had attracted foreign investors.
According to him, when an investor sees an operating environment that is guided by good policy, the investor is fascinated and wants to be part of it.
The ATCON President said that good policy, good regulatory environment, political stability and adequate security were necessary requirements to attract investments.
He said that the security situation in the country must improve if the existing investments in the telecom industry must be retained and also attract new investors.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Business4 days ago
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
News4 days ago
Demonstrate Commitment In Improving Host Communities, Ibas Tells Corps Members
-
Politics4 days ago
Tinubu’s Contribution To Buhari’s Presidency Marginal – Ex-SGF
-
Opinion4 days ago
How Reliable Is AI
-
News4 days ago
RSG Tasks Rural Dwellers On RAAMP …As Sensitization Team Visits Akulga, Degema, Three Others
-
Politics4 days ago
Keyamo Inaugurates Ganduje As FAAN Board Chair
-
Rivers4 days ago
HOS Tasks Rural Dwellers On RAAMP … As Project Sensitization Team Visit Degema, AKULGA
-
Politics4 days ago
Reps Constitution Review Committee Holds Zonal Hearing For Rivers, C’River, Akwa Ibom In Calabar