Home » Business » Nigeria: Govt Sets To Declare Telecoms Facilities ‘National Critical infrastructure’
Bar Shittu

Nigeria: Govt Sets To Declare Telecoms Facilities ‘National Critical infrastructure’

*Telecoms facilities to be listed critical infrastructure soon
*Sector’s FDI hits $60bn in 17 years

Isaiah Onwuanumba:
Minister of Communications has revealed that Federal Government is set to declare telecoms facilities across the country as critical national infrastructure to protect the $60 billion investment .
Barr Adebayo Shittu said this at the presentation of the Board of Commissioners of the Nigerian Communications Commission (NCC) in Abuja recently.
BusinessHighlights quoted the minister saying that finishing touches are being given to the move by the Ministry of Communications to declare the sector as national asset.
The minister further revealed that the declaration has become unavoidable considering the rising threat faced by the infrastructures’ nationwide and the huge contributions of the sector to the economy in the last 17 years of entry.
He said he telecommunications sector had attracted $60bn investment since the introduction of digital mobile services in the country in 2001.
The minister said a memo for the declaration of telecommunications facilities as critical national infrastructure was ready to be presented to the Federal Executive Council before the end of March.
According to him, the declaration will likely see more resources going in for the protection of telecommunications facilities, which are often vandalised, which leads to some subscribers to be denied of telecommunications services, while others are subjected to poor quality of services.
Shittu said, “I believe it will happen within the next two weeks. We have a memo to the Federal Executive Council in that regard, whose approval has been delayed due to certain circumstances beyond our control.
“The bottleneck has now been removed and the memo will soon be presented to the Federal Executive Council. In two weeks or three weeks, we will have approval of the Federal Executive Council and once it is approved, we will go on to the implementation stage.”

READ ALSO  Embrace 2018 With Optimism - Glo Tells Nigerians

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

cwg plc

Nigeria at 60: CWG Plc celebrates with notable Technology Contributions to Economy

CWG Plc says it is marking ...


FIRSTBANK partners LSETF on low interest funding for Private Schools

FIRSTBANK says it is partnering Lagos ...

Nigeria Government

Browse without charge: Nigeria Government considers students free internet access to education resources

Nigeria Government says it is considering ...


FirstBank Announces Appointment Of Mrs. Oluwande Muoyo As Non-Executive Director

First Bank of Nigeria Limited, Nigeria’s ...


Paxful aims to offer easy and affordable global payment solutions

Paxful says it is making international ...