Nigerian Telecoms market remains attractive — Danbatta

By ADEDEJI ADEYEMI FAKOREDE

THE Nigerian Communications Commission (NCC) has called on local and foreign investors to stake more claims and investments in the telecoms, stressing that the sector has recorded an 11 per cent growth in the number of active internet subscriptions on the mobile communications network.

However, the declining growth rate of the CDMA companies over the GSM operators that exhibit higher growth rate has been attributed to the flourishing investments in technology carried out by major telecoms operators leading to the increase in market share.

The EVC of NCC, Prof.Garba Umar Danbatta disclosed at a recent symposium. The EVC who is also the chairman of the Commonwealth Telecommunications Organisation said that Nigeria is the best place for ICT companies to come and invest.

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He further said that the country currently has over 30,000km of inter-city fibre optic cables laid, and this present a huge investment oppourtunity.

He said the telecoms market remains one of the most attractive in the world as it holds boundless opportunities and present a high return on investment as attested to by already existing operators.

Danbatta placed Nigeria teledensity at 107.67per cent, with the nation possessing a burgeoning market size; experts predict high returns on investments for venture capitalist that are driving the revolution of the industry.