The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami says Nigeria’s broadband penetration has increased to 45.43% by the end of October 2020.
He said that this was a result of an increase of four million sixty one tousand seven hundred and thirty-one, 4,061,731)broadband subscriptions between September and October 2020 which will, in turn, facilitate economic growth in the country.
This was contained in statement signed by the Minister’s Technical Assistant on Information Technology, Dr. Femi Adeluyi.
Dr. Pantami stated that “This notable increase in broadband penetration has been as a result of conscientious implementation of the National Digital Economy Policy for the overall benefit of the economy to achieve a Digital Nigeria”
“In particular, the Nigerian National Broadband Plan (2020-2025), along with the harmonization of Right of Way charges across the States and protection of Critical National Infrastructure across the country, amongst others, have had a significant impact on the broadband penetration.
Broadband is critical to sustainable economic growth and according to the International Telecommunications Union (ITU) Broadband Series, broadband contributes to economic growth through more efficiency in business processes, acceleration of innovation and more efficient functional deployment of enterprises”
“A Report titled “How Important Are Mobile Broadband Networks for Global Economic Development” shows that 10% increase in mobile broadband penetration results in approximately 0.6% to 2.8% rise in Gross Domestic Product (GDP). In some countries, it increases the GDP by over 6%”.
Dr Pantami noted that “the increase in broadband penetration is leading to the growth of Nigeria’s economy in a way that transcends the ICT sector. Broadband has supported growth and enabled financial institutions in the delivery of services to their customers. It has also enabled the provision of digital services across the different sectors of the economy.
“It is noteworthy that all these are part of the digital economy, which has been defined as “that part of economic output derived solely or primarily from digital technologies with a business model based on digital goods or services” – consisting of the digital sector plus emerging digital and platform services”.
According to the statement “The Minister has directed the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA), as the regulators of Internet services, to ensure that quality of service improves”.
Dr Pantami also urged all stakeholders to keep supporting the Ministry in the implementation of the Broadband Plan for the overall benefit of the economy.