Stakeholders warm up for 3rd NiTRA seminar on ICT investment

ITRealms:

Various stakeholders in the nation’s Information and Communication (ICT) industry are warming up for the another exciting seminar of the Nigeria ICT Reporters Association (NITRA) in Lagos with focus on boosting investment in the sector, reports ITRealms.

NITRA President, Mr. Emma Okonji, told ITRealms that the third NITRA Quarterly Seminar Series would hold on Friday August 28, 2015 at Westown a Hotels, Ikeja, Lagos, with the theme “Foreign Direct Investment: An Impetus to Achieving Ubiquitous Broadband Penetration.”
He also said that the event sponsored by MTN Nigeria, Samsung Electronic West Africa and Galaxy Backbone Limited, equally got backing from industry regulators like the Nigerian Communications Commission (NCC), and National Information Technology Development Agency of Nigeria (NITDA), as well as industry groups comprising the Association of Telecommunication Companies of Nigeria (ATCON), Association of Licensed Telecom Operators of Nigeria (ALTON), Institute of Software Practitioners of Nigeria (ISPON), Nigeria Computer Society (NCS) among other industry players.
MTN Nigeria, he said, would be the dwelling on imperatives of Foreign Direct Investments (FDIs) for further development of the nation’s ICT sector with a particular focus on broadband. While Galaxy Backbone would give details of activities in the e-Government strategy, the Samsung team would speak of innovation in mobile phone devices, as well as capacity building and skills acquisition.
He further said that with an investment profile of over $13 billion, about N2 trillion in the country, MTN Nigeria is a market leader with over 62 million subscribers on its network, a total market share of 46 per cent as at June 2015.
Equally, he said, panel sessions would discuss regulatory and operational activities, investment potential, in addition to impediments to the ongoing move to attract further investment into the sector.

“With over $32 billion local and foreign direct investment (FDI) and $10 billion needed over the next five years to build a robust Next Generation broadband network as the next growth frontier, the forum provides a veritable platform to tackle constraints to ICT investments,” he said.

Stressing that the theme of the event could not have been more apt and timely, as the forum is coming at the wake of new administration of President Muhammadu Buhari, new chief telecoms regulator on the steering wheel, so as afford first-hand opportunity to know what the industry feel about investment.

NITRA, he said, beliefs the forum would contribute to the development of ICT industry and would create a meeting point for both private and public sector stakeholders. 

+ITRealms DSA +Remmy Nweke (ITRealms) 
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