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Home News

NCC positions Nigeria for $13.2tr 5G revolution

JEO report by JEO report
June 15, 2023
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NCC positions Nigeria for $13.2tr 5G revolution
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The Nigerian Communications Commission (NCC) said it has played an effective role in placing the country in a vantage position to reap the immense benefits of the Fifth-Generation (5G) network.

The NCC noted that the communications sector is indeed the pace-setter sector as far as the expansion of the frontiers for national development is concerned, saying this was further underscored by the recent deployment of the 5G services in the country, which it believes will ensure that Nigeria maximises the benefit of the 4th Industrial Revolution whilst being sufficiently prepared for any attendant risk that may occur.

NCC Executive Commissioner, Stakeholder Management, Adeleke Adewolu, who referred to a market study, which showed that the deployment of 5G technology services will result in $13.2 trillion in global economic value by 2035 and generate 22.3 million jobs in the 5G global value chain alone, said Nigeria can reap huge benefits from it.

Adewolu spoke at a two-day NCC’s Talk-to-the-Regulator Stakeholders Consultative Forum (TTTR) in Yenegoa, Bayelsa State.

JEO report

JEO report

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