NCC keen on stimulating local investment in telecoms sector – Danbatta

0

 

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has re-affirmed the Commission’s mandate-driven commitment to always promote any initiative capable of stimulating local and foreign investment in the Nigerian telecommunications sector.

Danbatta stated this when he personally played host to the executive members of the Association of Mobile Phone and Accessories Traders (AMPAT) at the NCC’s Kano Zonal Office, who visited to discuss how to harness investment opportunities in the Nigerian communications sector

AMPAT members were led by their Chairman, Musa Mmza, who disclosed that AMPAT currently has over five million members across the six geo-political zones in the country.

He said the members have, over the years, diversified their business approaches in the telecoms industry with some now venturing into investing in local production of phone accessories such as phone chargers, power banks, hand-free cables and other telecoms devices.

Mmza profoundly acknowledged the role played by the NCC in the formation of the association, saying the guidance received from the Commission resulted in the formal establishment of AMPAT and regularisation of its membership.

He further stated that AMPAT “has plans to initiate and set up a mobile phone manufacturing and assembly plant in Nigeria as a way of keying into the Federal Government’s vision of boosting local investment and stimulating local content generation and development in Nigeria.”

While commending the executive members of AMPAT, Danbatta commended their efforts and plans for growing the communications industry in Nigeria, which, he said, is in line with the mandate of the NCC, as enshrined in the Nigerian Communications Act (NCA), 2003 and in accordance with its 8-Point Agenda, which seeks to promote Information and Communication Technology (ICT) innovation and investment opportunities in the sector.

“The Commission is always in support of any investor, be it local or foreign, who wants to invest in the Nigerian telecoms market. We do give them necessary support within the ambit of the NCC Act. Nigeria is a huge market of over 200 million population. So, the Commission is always ready to support any initiative aimed at serving this huge population better,” he said.

While stating that the Federal Government has been creating the enabling environment for businesses across various sector to thrive through policy around ease of doing business, reduction of entry barriers, among others, Danbatta, however, advised AMPAT executive members “to visit the Nigerian Investment Promotion Council (NIPC), which is statutorily established to properly guide potential investors be it local or foreign on their investment plans in the country.”

You can share this
Previous articleEFCC to Go After Doctors who Give Fake Medical Reports to Frustrate Corruption Trials
Next article14 Companies Bid for OML 119 Redevelopment Financing
We help you make sense of an increasingly complex information world with a wide range of perspectives and stories that will allow you take an informed decision. We are proud of our African heritage and keep our eyes on the world. As online media, we see digitalization as the foremost opportunity to reach new readers, customers, and African emerging markets. We are independent in our approach. Our philosophy is grounded in the principles of a free society, which Africa is coming to terms with yet not losing the essence of what makes us African, which is our culture. ….showcasing the best part of us! www.etimes.com.ng ======================== info@etimes.com.ng ======================== etimes.nigeria@gmail.com Phone: +234 802 893 1940
SHARE