Beyond Success Story of Telecoms Sector

The recent revelation by the Vice Chairman/C.E.O. of the Nigerian Communications Commission, NCC, Dr Ernest Ndukwe, that the nation has attracted a whopping N2.7 trillion ($18bn) from direct and foreign investment in the first decade of the telecommunications industry is a welcome development. So far, the country, which is 99.5 per cent wireless, boasts of about 75 million lines, with some 50 million spin-off jobs already created. Similarly, Nigeria is credited as the fastest growing network on the continent and often proudly quoted as a reference point by the International Telecommunications Union, ITU. This is equally heart-warming.