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Nigeria to host investment forum in South Korea

Plans for Nigeria to host an investment forum at the International Telecommunications Union (ITU) conference that will hold later in the year in South Korea are in the offing.

This was made known by a spokesman of Nigeria’s telecoms regulatory commission in a statement today, saying broadband Nigeria will be the focus of discussions at the investment forum.

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“Nigeria will host an investment forum at ITU Telecom World 2017 and Broadband Nigeria will be at the focus of discussions.

“The participation of Nigeria at the yearly International Telecommunications Union (ITU) conference will focus on deepening the growing broadband segment of the market in the country,” the spokesman said.

The ITU Telecom World 2017 is a global platform for major industry players, Small and Medium Enterprises (SMEs), Countries and Organisations to network and share ideas about new developments and technologies that would lead to better connected societies.

It is an event for International visibility of innovative Information and Communications Technology (ICT), Products/Services and solutions from around the World.

In general terms, it involves high level debates on the core issues affecting ICT industry, sharing knowledge and working for sustainable development.

The event is due to hold in Busan, South Korea, from September 25 – 28, 2017.

According to the statement signed by Nigerian Communications Commission (NCC) Director of Public Affairs, Tony Ojobo, Nigeria’s high level delegation to the ITU conference will be led by the Minister of Communications, Barrister Abdulraheem Adebayo Shittu.

Nigeria’s Chief Telecoms Regulator and Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta, industry stakeholders and operators will be on the delegation.

Although Nigeria has had a very robust telecommunications sector with active connected subscribers in the region of 150 million and about 110 percent teledensity, the NCC believes that more efforts should be deployed to deepen broadband penetration in the country.

By the National Broadband Plan (NBP), the country is expected to attain 30% broadband penetration by 2018, which currently stands at 21%.

Given that 2018 is around the corner, with the conference, the Ministry of Communications, and its driving force, the NCC, hope to bring back investment to Nigeria that will steer the achievement of the 30% broadband penetration in the country.

 

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