Nigeria’s Fifth Generation network subscription has reportedly reached 500,000, according to the Executive Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta.
According to The Punch, he also stated that broadband penetration would reach 47.01 percent by July 2023.
Speaking in Kano, he claimed in a statement that the telecoms sector has achieved notable milestones since 2015.
In July, Danbatta reported that there were now more than 60,000 5G subscriptions in this country. He said that by the end of 2023, the nation would have 50% of the population using broadband, and by the end of 2025, it would have 70%.
According to a statement he released, the telecommunications sector now contributes 16% quarterly to the Nigerian economy, up from its 2015 contribution of 8% to the country’s GDP.
Additionally, he added, “Since additional telecommunications businesses were given permission to operate in Nigeria’s telecoms industry, the investment profile has expanded significantly, rising from $38 billion in 2015 to $75 billion at the moment and continuing to rise every day. The NCC has brought in approximately $847.8 million for the federal government through the sales of 5G C-Band Spectrum.
Earlier, Nigeria was looking for collaborations to increase communications access in unserved and underserved places, according to the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani.
The minister claimed that connectivity was a catalyst for advancement and the country needed partnerships to close its digital divide.