Broadband remains a key catalyst for Nigeria’s Gross Domestic Product (GDP) growth, Ms. Funke Opeke, Chief Executive Officer, Main One, has told the recently concluded Commonwealth Broadband Forum in Abuja.
The Forum, was organised on the platforms of the Commonwealth Telecommunications Organisation (CTO) and Nigerian Communications Commission (NCC) in Abuja, under the theme, Broadband for All: From Access to Inclusion.
The event brought together thought leaders in telecommunications across Commonwealth countries to discuss Broadband Access issues.
Speaking during the forum, Opeke, who was represented by Temitope Osunrinde, examined the role of a national broadband policy in driving the nation’s GDP.
The Main One CEO said that with the rebasing of national GDP, the contribution of the ICT industry in Nigeria had risen from 5.6% to 8.69%.
In addition, the contributions of ICT to the growth of the services industry, showed a post-rebased GDP percentage growth from 29.04% to a whopping 51.59%, according to Opeke.
The Federal Ministry of Communications Technology and the Nigerian Communications Commission have made significant achievements with the National Broadband agenda specifically with licensing of Infrastructure and Spectrum Companies, the Nigerian Research and Education Network and the Universal Service Provision Fund (USPF).
Opeke underscored the need for sustaining the policy initiatives introduced to promote open access and manage spectrum more effectively to continue to drive economic growth.
“Nigeria needs to move up the value chain beyond dependence on natural resources, and into the labor-intensive service economies and implementation of the Nation’s Broadband policy will enable this”, the Main One CEO said.