By Daniel Kolawole/TnTv Network
Promoting ICT Innovation & Investment Opportunities amidst the Coronavirus pandemic has been a challenge for many organisation But for the Nigerian Telecom Regulator, the Nigerian Communications Commission, gains upon gains are been recorded in leaps!
In recognition of the fundamental role of research in innovation, in 2016, the Commission created a Research and Development Department. The department has continued to collaborate with the academia to support the development of innovative services and life-changing solutions with the use of Information and Communications Technologies (ICTs) to promote Indigenous Content Development.
The NCC has so far awarded the sum of N336.4 million as research grants to the academia and has endowed professorial chairs in two Nigerian universities. More importantly, we have empowered Nigerian youths by promoting their ingenuity and innovation in the development of locally relevant technology solutions. The latest of such was the 2020 NCC Virtual Hackathon, where we gave N9 million in grant to three top promising tech startups for solutions aimed at addressing the impact of the COVID-19 pandemic and epidemic diseases in the thematic areas of Health, Community, Productivity, Economy and Transportation.
The Regulator also recognizes that the key to the survival and growth of the telecommunications industry in Nigeria is sustained investments. In the last five years, the Commission has deliberately and consistently engaged investors in different fora to attract Foreign Direct Investments (FDIs). We showed investors the Commission’s roadmap for Broadband, which includes the Open Access Model Initiative, the Infraco Project, our 5G readiness and the Access Gaps for market opportunities that new entrants could leverage on in the Nigeria’s telecom space.
To build confidence in the sector and ensure that current investors and new players flourish, the NCC has activated mandatory compliance to the Code of Corporate Governance for the telecoms industry. This initiative seeks to further strengthen telecoms entities, sustain sector’s role as a driver of economic growth and social transformation, and attract investments.
All these and many more the Executive Vice Chairman and CEO of the NCC, Professor Umar Garba Danbatta reeled out during his first 5years when he took over the helms of Affairs at the Commission