The Nigerian Communications Commission has reassured telecommunications operators of its commitment to addressing the rising cost of doing business in the telecom industry.
Speaking at the 93rd Telecom Consumer Parliament in Abuja on Thursday, the Executive Vice Chairman of NCC, Dr Aminu Maida, acknowledged the economic challenges facing operators and outlined measures to ensure the sector’s sustainability.
He said, “We cannot also ignore the effect of current macroeconomic challenges and the rising cost of business in the country which is impacting the ability of operators to make the necessary investments in the sector.
“The commission is mindful of this and is actively working with other arms of government and stakeholders to address these issues and ensure the industry’s sustainability.”
Delivering his keynote address at the event, Maida highlighted the progress of the Nigerian telecom sector over the past two decades.
He noted that the transition from basic voice services to 5G-enabled innovations, such as smart cities and the Internet of Things, has driven immense digital adoption.
