By Aduragbemi Omiyale
President Muhammadu Buhari has described the $547 million generated from the sale of the 3.5Ghz spectrum to MTN Nigeria and Mafab Communications for the provision of the 5G network in Nigeria as a good source of raising funds for development.
He said this on Tuesday at the commissioning of the National Shared Services Centre in Abuja. The facility, which also houses a cybersecurity operations centre, network centre and call centre, is a one-stop-shop for Ministries, Departments and Agencies (MDAs) to interface with citizens.
The President said the money raised from the exercise, which was conducted two times, clears the doubts about the contributions of the digital economy in driving growth, creating employment and generating revenue for the country.
He said the Information, Communication and Technology ICT) sector had accelerated the diversification of the economy, and the Q2 Gross Domestic Product (GDP) report of the National Bureau of Statistics (NBS) showed the extent of growth, with the ICT contributing an unprecedented 18.44 per cent to the GDP, close to three times the 6.33 per cent contribution of the oil sector in the same quarter.
“As part of our efforts to expand our digital infrastructure, we increased our 4G base stations from 13,823 to 36,751 from August 2019 to date, and this has increased the percentage of 4G coverage across the country from 23 per cent to 77.52 per cent, also from August 2019 to date. We have also followed this up with the roll-out of 5G services.
“It is noteworthy that the digital economy sector has excelled in generating revenue for the government. In particular, at the Ministerial Retreat that I chaired from the 18th to 19th of October 2022, our independent analysts adjudged the digital economy sector to have generated 594 per cent of its revenue target from the 2019 baseline. This is very commendable.
“As part of these unprecedented achievements, the sector generated over $547 million dollars from the auctioning of the 5G spectrum alone,” Mr Buhari said at the event, also witnessed by the Minister of Communications and Digital Economy, Mr Isa Pantami.
The President applauded his administration for creating an enabling environment to thrive, stating, “To ensure that the digital economy sector remains successful and in order to reduce the burden on citizens, I recently approved the suspension of the proposed excise duty in the telecoms sector, as any initiative that will lead to hardship for the citizens would not be pursued.”
He further said, “Our administration’s commitment to promoting data promotion and privacy is receiving praise across the world, and we have increased our digital identity enrolments from 39 million in October 2020 to about 92 million today.
“The massive increase of about 63 million in about two years is a global success story and has led to several requests for partnership from countries within and outside Africa. I also approved the establishment of the Nigeria Data Protection Bureau on the 4th of February, 2022, to provide an institutional framework for data protection in Nigeria, in line with global best practices,” the President told the gathering of ICT experts and government officials.”
President Buhari commended the giant strides made by the digital economy sector under the Minister of Communications and Digital Economy and other stakeholders, describing it as impressive.
In his remarks, Mr Pantami lauded the President for his support for the digital economy, with turnovers in broadband/Internet penetration, skills acquisition for global competitiveness and infrastructure development, like the fibre optic cable, which was about 15,000kms in 2015 and increased to more than 60,000kms.
Also, the chief executive of Galaxy Backbone, Mr Muhammed Bello Abubakar, said 400 MDAs were already connected to the National Shared Services Centre.
