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Implementing Nigeria’s Broadband Plan For Socio-Economic Dev
Experts in the Information
and Communications Technology (ICT) sector agree that the adoption of the Nigerian National Broadband Plan (NBP) 2013-2018 by the Federal Government is a clear indication of inefficiency in the country’s internet penetration.
The five-year plan puts Nigeria’s broadband speed at 1.5 megabytes per second and plans to achieve 30 per cent penetration by 2018.
Popularly defined, broadband is a high-speed internet connection, through the communications network that connects end users at a high data transfer rate.
It has been empirically proven that every 10 per cent increase in broadband penetration in developing countries results to a commensurate increase of 1.38 per cent in Gross Domestic Product (GDP).
The Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, said that the Nigerian government recognises the immense benefits and importance of broadband.
Danbatta said the government has introduced a policy document on NBP for fiscal 2013 to 2018, in line with the International Telecommunications Union (ITU) and UNESCO policy recommendations on broadband.
For the ITU, the real power of broadband lies in its potential to improve development outcomes in the developing world, on the basis of human rights, social inclusion and poverty eradication.
In today’s world, access to the internet and broadband have become the foundation for transformation to a knowledge-based economy.
Such access is critical for improving education, health care, energy management, ensuring public safety, security, government and citizens’ interaction, among others.
The most credible statistics on broadband penetration estimate that Nigeria’s broadband penetration is between four per cent and six per cent, as at 2012.
This further underscores the need for Nigeria to give strategic importance to the development of broadband infrastructure.
With the Broadband Plan, Government expects that by the end of 2017, there will be a five-fold increase in broadband penetration, over the 2012 penetration rate.
However, stakeholders in the industry are worried about the slow implementation of the NBP.
The convener of the Broadband 2018 Coalition, an advocacy group, Mr Danjuma Yusuf, calls on the federal government to expedite the implementation of the country’s five-year broadband plan.
Yusuf insists that broadband has played an out-sized role in transforming societies and economic opportunities across the world.
Danbatta also believes that the NBP is a means of promoting broadband as a foundation for sustainable development.
According to him, the NCC is assigned the responsibility of developing and implementing regulatory frameworks for the broadband road-map, as enshrined in the NBP.
“The NCC, under my stewardship, deliberately developed a Strategic Vision Plan (SVP) 2015 – 2018, to ensure the attainment of 30 per cent broadband penetration by 2018, among others,’’ he said.
For Mr Olusola Teniola, President of the Association of Telecommunications Companies of Nigeria (ATCON), the present deployment of broadband is predominantly in Lagos.
A few of the operators driving broadband implementation and penetration have decided to look at Abuja as the next city and Port Harcourt, in the sense that there is wide coverage per home of about 50 per cent or more, Teniola said.
Yusuf also expressed concern about Nigeria’s decline on the broadband adoption and internet use index, Affordability Drivers’ Index (ADI) of the Alliance for Affordable Internet (A4AI) 2017 Report.
He noted that Nigeria was now ranked 13th out of 58 countries surveyed from a 12th-placed ranking earned in the 2015/2016 index.
Current broadband penetration is at 21 per cent in the country.
The Executive Director of Paradigm Initiative Nigeria, Mr Gbenga Sesan, said that the plan is very clear on what needs to be done and is deliberately made not to rely on government.
Sesan, who is one of the 15 members that developed the NBP, however, insists that the policy environment is determined by government and this affects even private sector action.
He listed four things against the NBP implementation: Right of Way, Licences, Investment and Political will.
But the NCC’s EVC says: “To facilitate broadband penetration is the first on our SVP, which reaffirmed the importance we attach to pervasive access to broadband to all citizens of our dear nation’’.
He argued that the strategy adopted by the commission to facilitate broadband implementation and penetration included Licensing of Infrastructure Companies (Infracos), Spectrum, Attracting Investments, Abridging Access Gaps and Stakeholder engagement.
Danbatta said that the Open Access Model had been identified as the model to bridge the gap between existing and planned Fibre infrastructure in Nigeria.
He said the regulatory body had licensed two infrastructure companies (InfraCos), while the remaining five InfraCos will soon be licensed, to boost broadband penetration.
According to him, the commission established a Broadband Implementation and Monitoring Committee (BIMC) to drive the licensing of broadband infrastructure companies and their deployment.
Danbatta said that the NCC, within its mandate, would engage stakeholders in the telecommunications industry in addressing the challenges of the industry in the implementation of the broadband plan.
For Yusuf, broadband has facilitated education and knowledge dissemination, enabling trade and commerce and contributing to growing entrepreneurship across the world.
According to him, the plan should be diligently implemented to spur economic growth and help Nigeria prepare for a post-oil economy.
Teniola also insists that there is the need to take broadband to the hinterlands, so as to enhance socio-economic development nationwide.
According to him, the country’s broadband is not up to the stipulated minimum speed of 1.5 megabit per second.
He said that the minimum speed of 1.5mbps is only found in few instances and in business communities like Lagos Island, while most parts of the country experience lower internet speed.
“On the average, we have not achieved 1.5mbps; it is not that there aren’t instances of 1.5mbps but it is not across board.
“When you look at the 21 per cent penetration being advocated by the NCC and the National Bureau of Statistics, and the measures that I have shared with you, we are nowhere near the 21 per cent,’’ Teniola said.
Sesan also agreed that the political will is the major reason why the NBP is yet to be implemented.
“The government needs to throw its weight behind this project, to make it a reality,’’ he insisted.
According to Danbatta, multiple taxation and regulation, right of way, power supply, vandalism of infrastructure and foreign exchange, are their major challenges in making the project a reality.
He noted that the commission has done a lot to tackle the challenges towards achieving the 30 per cent broadband penetration target.
“The Strategic Vision Plan is ensuring that the ICT infrastructure is up to the standard necessary to provide ubiquitous broadband services in Nigeria.
“Despite challenges affecting the telecommunications industry, within the space of two years after the implementation of the SVP, quantitative results show that Active Mobile-Broadband Penetration has increased from less than 10 per cent in 2015 to 21.8 per cent in 2017,’’ Danbatta said.
He said that with the strategies put in place, the country would achieve the 30 per cent broadband penetration target by 2018.
Stakeholders in the industry, however, say that achieving the 30 per cent target would depend on the implementation of the broadband plan.
They are of the opinion that the implementation should be accelerated and broadband taken to every corner of the nation, so as to boost socio-economic development nationwide.
Onuegbu is of the News Agency of Nigeria.
Florence Onuegbu
Ict/Telecom
Technology, Others Responsible For Nigeria’s Bonga Oil Operations
The Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni, said Bonga, Nigeria’s first deep-water asset, has recorded major milestones, due to effective leadership, cutting-edge technology, continuous improvement and collaboration with stakeholders.
She noted that since coming on stream in November 2005, Bonga has maintained a track record of production that saw it achieve one-billion-barrel export on February 13, last year.
In her presentation, titled “The Bonga Journey to a Billion Barrels”, at the ongoing 2024 Offshore Technology Conference in Houston, Texas, United States, Aiboni, said: “SNEPCo is grateful for the contributions of all the parties to the Bonga story and we can all be proud of the milestones.
“Bonga has been consistent. In 2014, nine years after coming onstream, it achieved half a billion barrels of crude and doubled it in 2023. We have worked relentlessly to ensure excellent asset management, project and wells delivery and deployment of technology and innovations in our operations”.
According to her, these factors, “coupled with the supportive partnership of the Nigerian National Petroleum Company Limited and our co-venturers – TotalEnergies, EP Nigeria Limited; Nigerian Agip Exploration; and Esso Exploration and Production Nigeria Limited, make Bonga stand out as a world-class investment case”.
She continued that, “SNEPCo also enjoyed the support of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Content Development and Monitoring Board (NCDMB) in the success of Bonga operations”.
Aiboni also listed the challenges of keeping the Bonga Floating Production, Storage and Offloading vessel full as the asset ages and dealing with unexpected developments with subsea wells and equipment.
She said: “SNEPCo responded with a campaign of operational excellence, which among other initiatives, led to the creation of a programme known as the Bonga Business Improvement Plan that continually reviews and identifies improvement initiatives and drives sustainability in operations and upskilling of staff.
“The Bonga success story has been led by Nigerians who have been managing directors of SNEPCo since it was established in 1993, in a deliberate policy by Shell to develop indigenous manpower for deep-water operations in Nigeria.
“Today, some 97percent of the SNEPCo workforce is Nigerian and overall, Bonga has helped to create a new generation of Nigerian deep-water professionals.
“Our vision at SNEPCo remains to be the best deep-water business, powering growth and achieving net zero emissions in line with Shell’s Powering Progress strategy”.
Ict/Telecom
Banks Cut Borrowing From CBN By 44%
Banks’ borrowings from the Central Bank of Nigeria (CBN) fell month-on-month, (MoM) by 44 percent to N12.16 trillion in April from N21.7 trillion in March.
Analysis of latest data from the CBN shows that the 44percent drop represents the first MoM decline in banks borrowing from since January when it increased by 268.7 percent to N3.6 trillion from N976.29 billion in December 2023.
However, further analysis showed that banks’ deposits in the CBN SDF grew MoM by 118.4 percent to N428.97 billion in April from N196.37 billion in March 2024.
Banks make use of the SLF to access liquidity to run their day-to-day business operations while the Standing Deposit Facility window (SDF) on the other hand, is an overnight deposit facility that allows banks to lodge excess liquidity (money) with the CBN and earn interest.
The decline in banks’ borrowing from SLF may reflect an increase in banking system liquidity and also the decision of the apex bank last year to remove the limit on the remunerable daily placements by banks at the SDF.
According to the CBN Governor, Mr. Olayemi Cardoso, the CBN removed the cap on the remunerable SDF to increase activity in the SDF window and manage liquidity.
Ict/Telecom
Expert Highlights Technology Impact On Fintech Industry Growth
A Financial technology expert, Olatunji Akinrinola, has highlighted the exponential growth of the FinTech industry, which according to him, was driven by technological advancements.
Akinrinola made this assertion in a press release recently, where he stressed that the role of technology in driving this exponential growth in the FinTech sector was very outstanding.
According to him, Technology has revolutionised the way financial services are delivered, making them more accessible, efficient, and inclusive.
“Through innovations such as mobile banking, digital payments, and blockchain technology, FinTech companies have been able to reach a larger population and provided them with access to financial services”, he stated.
Akinrinola emphasised the role of technology in enabling financial inclusion, adding: “Technology has democratised access to financial services, particularly in regions with limited banking infrastructure.
“Mobile money platforms and digital wallets have empowered individuals to conduct financial transactions conveniently and securely, without the need for traditional banking services”.
He also underscored the role of Artificial Intelligence (AI) and data analytics in driving innovation within the FinTech industry, noting: “AI-powered algorithms and predictive analytics have revolutionised risk assessment, fraud detection, and customer personalisation in financial services.
“These technologies enable FinTech companies to provide tailored solutions and mitigate risks more effectively, ultimately enhancing the overall customer experience”.
Akinrinola stressed the importance of regulatory frameworks in fostering the growth of the FinTech industry.
“While technology has accelerated the growth of FinTech, it is essential to establish robust regulatory frameworks to ensure consumer protection and maintain market stability. Regulators play a crucial role in balancing innovation with risk management, thereby creating a conducive environment for the sustainable growth of the FinTech sector”, he stated.
Akinrinola underscored the role of technology in driving the exponential growth of the FinTech industry, saying, “Technology has been a game-changer for the FinTech sector, enabling innovation, expanding access to financial services, and driving economic growth.
“As technology continues to evolve, the FinTech industry will undoubtedly play a significant role in shaping the future of financial services ecosystem”.
Corlins Walter