" ITREALMS: Nigeria’s Broadband investment projection targets N199trn in 5 years

Monday, October 19, 2015

Nigeria’s Broadband investment projection targets N199trn in 5 years

The broadband investment in Nigeria is expected to attract an estimated $10 billion, about N199,049,736,557.67 in the next five years to engender the kind of growth expected, reports ITRealms.
This indication was given by the Director, Policy, Competition and Economic Analysis at Nigerian Communications Commission (NCC) , Ms. Josephine Amuwa, at the recently-concluded ITU Telecom World 2015 in Budapest, Hungary.

This project to be driven by the private sector, she said, was reaffirmed by the
KPMG, which consulted for the Commission on the national broadband project.

“If KPMG says we need an annual investment of $2 billion over the next five years to build a national next-gen broadband network, that is, a report, which is good for the industry anyway. But as you know, Nigeria is private sector-driven and government has taken out its hands from doing what private sector should do,” she said.

Amuwa also said that with the KPMG estimated investment, Nigeria private sector need to provide the money for any investment while government provides the enabling environment.

“It is the private sector players that will drive the investment,” she said, stressing that what the Federal Government through NCC would do is to ensure provision of and sustaining improved and friendly regulatory regime for their investment to offer them better Returns on Investment (ROI) and value to the final consumers.

Also, Amuwa explained that there was a need for existing operators to continue to invest in the market, especially to build better broadband infrastructure.

“They cannot afford not to invest by folding their arms, otherwise, other new players will come in and invest in those areas and move ahead of them,” she said.

As such, he said “the $2 billion annual investment that KPMG is referring to is not just one person; it is the totality of the investment that would be needed and it is going to be driven solely by the private sector.”

Amuwa further explained that KPMG is not a permanent consultants to the regulators, stressing that every project done by the NCC is carried out in line with the Public Procurement Act.

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