Skip to content
August 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Breaking News
  • Telecom records 0.5% growth to GDP, nets N1.4trn in Q1; Danbatta expects more growth, says NCC may review 2.6GHz Spectrum auction
  • Breaking News

Telecom records 0.5% growth to GDP, nets N1.4trn in Q1; Danbatta expects more growth, says NCC may review 2.6GHz Spectrum auction

Admin June 9, 2016

Professor Umar Danbatta, EVC of NCC

Danbatta-NCC-EVC The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has lauded the performance of the nation’s telecommunications industry in the first quarter of 2016, which he said would even improve in the subsequent quarters of the year. In monetary terms, this would translate to over N1.4trillion in first quarter, he said.

Speaking while receiving a consortium of international investors led by UBS South Africa, Danbatta also disclosed that the commission would soon meet with operators over the recent auction of 2.6GHz spectrum, which saw only MTN Nigeria, bid for 6 out of 14 available slots.

“I think we are happy with the level of compliance to regulatory stipulations in general, minus the MTN incident, which cast some sort of shadow in our regulatory drive to ensure sustainability and stability of the industry.

“I am happy, we are putting that one behind us, and this is attested to by recent statistics by the National Bureau of Statistics (NBS) that the industry recorded a growth of 0.5 per cent to GDP in comparison to the same period last year.

“In monetary terms this is going to translate to over N1.4 trillion, only in the first quarter of this year.

“While other sectors of the economy are recording negative growth, the telecom industry has been recording positive growth and I think it is poised to grow even further in the subsequent quarters of the year,” he explained.

Answering question on the 2.6.GHz spectrums auction, the EVC said: “ We are doing a post mortem.  And we have not yet met with the operators to find out why they did not bid, except one operator.”

“The intention is to be able to know their reasons, and to know in what way the regulator can come in to relax some of the conditions in the process, if this relaxation can lead to more operators going for the remaining 8.

“I am sure the commission will be disposed to looking at the reasons that prevented other operators from coming forward to bid, except only one,” he further noted.

He said, the commission incorporates elements of flexibility in its dealing with operators, in order to continue to sustain the growth in the sector, which he said, “has the potential to provide an alternative to oil and gas”.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 recommended

Post navigation

Previous Rural telephony: How to connect the unconnected – Survey
Next Rescued women narrate how they were abducted and married off to Boko Haram elements

Related Stories

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO refinery
  • Breaking News
  • National News

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO

August 18, 2026
BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes
  • Breaking News

BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes

August 16, 2026
BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke
  • Breaking News

BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke

August 6, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

FG invests in 90,000 km fibre-optic network to boost digital economy
  • Business & Economy

FG invests in 90,000 km fibre-optic network to boost digital economy

August 20, 2026
About 40 vehicle assembly plants now operational in Nigeria – NADDC 
  • Business & Economy

About 40 vehicle assembly plants now operational in Nigeria – NADDC 

August 20, 2026
FG plans major housing deliveries in Abuja, Lagos, others — Minister
  • National News

FG plans major housing deliveries in Abuja, Lagos, others — Minister

August 20, 2026
Police arrests Chinese national over alleged attempt to rape male employee Ekiti abductors
  • National News

Police arrests Chinese national over alleged attempt to rape male employee

August 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.