Wednesday, September 29, 2010

Juwah says banks are critical to broadband vision

Chief Executive officer, Nigerian Communications Commission (NCC), Dr. Eugene Juwah has identified banks as critical to achieving broadband vision of the telecoms regulatory agency.

Welcoming a team from the United Bank for Africa (UBA), led by its Chief Executive Officer, Mr. Phillips Oduoza, on a courtesy call to his office in Abuja, Dr. Juwah said the Commission would soon come up with a plan to evolve the banks and the various strata of government in the realization of cost effective and affordable broadband services for the citizenry.

He also said that the activities of the banks, including the mobile banking services and related solutions, are expected to thrive more under a pervasive broadband infrastructure and expects that the banks will benefit hugely from such a development in the sector.

Juwah also said that the banks constitute a critical stakeholder in the telecoms business as they facilitate investments in the sector as well as benefit from the services that evolve from the sector.

In his comments, chief executive officer, UBA, Mr. Oduoza, said that the bank is very willing to support the Commission in the implementation of all its lofty visions for the industry, said there is a lot of synergy between the banking and the telecom industry.

According to him, convergence between the two would continue to grow as both sectors grow side by side, and even as the telecom industry grows even bigger and multifaceted.

Commending the Federal Government for the appointment of Dr. Juwah as EVC of NCC, Oduoza noted that he has the pedigree.

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