" ITREALMS: Momentum thickens for broadband investment forum

Monday, February 21, 2011

Momentum thickens for broadband investment forum

Momentum is thickening for the forthcoming Broadband investment summit slated for Lagos on March 1, this year.

The organizers said that the event would be a gathering of heavyweight organizations and individuals from the world of Information and Communication Technology (ICT).

The event tagged Internet for Nigerians forum and sponsored by the Nigerian Communications Commission (NCC) is organized by Nigeria CommunicationsWeek and has been scheduled to hold at the Golden Gate Restaurant, Ikoyi and aims to set the agenda for the future of the industry.

Experts from telecoms and internet service providers will join the Nigerian Communication Commission (NCC) and IT vendors’ representatives in giving presentations on the future of some of the internet most exciting innovations.

The organizers said that the theme of the forum is “Broadband Investment and Solutions for Nigerians” would see representatives from Gateway Communications, Glo 1, Main One, Computer Warehouse Group (CWG), Internet Solutions (IS), and Linkserve Nigeria presenting “Tailor-made Solutions and Investment for Financial and Oil & Gas Industries.”

The executive vice chairman, of NCC, Dr. Eugene Juwa, would present the keynote address while the chairman of Licensed Telecommunications Companies of Nigeria (ALTON), Mr. Gbenga Adebayo, would chair the occasion.

Others billed to speak at the event are Mohamed Rudman, MD/CEO, Internet Exchange of Nigeria (IXPN), Biodun Banjo, President, NIG, Peter Iwegbu, GM/Group head IT, Access Bank, Kenneth Omerou, Founder, Techtrend, Wale Jones, IT lawyer.

Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek said that ICT and indeed internet challenges to the oil and gas services and financial sectors are greater than they have ever been, primarily as a result of the: policy somersaults, sub-prime mortgage market crisis, volatility of the oil prices and the overall financial state of the economy.

According to Nwogbo, the high costs of international bandwidth are an obstacle to social and economic development and that infamous SAT-3 cable that operates in fits and starts has not helped matters.

“The situation is changing dramatically with fibre optic investments by Globacom, MainOne and WACS. They are all stirring positive outlook for Internet penetration in the country. Globacom, MainOne Cable Company and MTN Nigeria (co-owner of the West African Cable System) have taken the lead by investing in fibre optic cables to improve broadband penetration in Nigeria” he said.

He also said that the multiplicity of Africa’s fiber cable projects has raised the hopes of many, that the ubiquity of high capacity, low cost internet bandwidth will bolster ICT-for-development initiatives of the country and Africa.

Remmy Nweke:
ITREALMS Online ... delivering news for ICT4D

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