Tuesday, February 7, 2023

Leverage AfCFTA Benefits, Fin Sector Funds, Nonicoms Boss Urges Service Providers

Nonicoms

The managing director of local telecommunications giant, Nonicoms Telecommunications, Alhaji Umar Abdullahi has urged service providers to leverage on benefits of AfCFTA

well as funds from the Nigerian Financial sector to overcome funds-relates challenges.

Speaking in an interview today (January 6, 2023) in Abuja, Abdullahi said this would encourage economic and social policies of transactions within the region.

The AfCFTA is aimed at creating Africa’s continent-wide free trade area that could generate greater economic benefits than previously estimated and raise incomes by nine per cent by 2035 and lift 50 million people out of extreme poverty.

‘’Undoubtedly, communication is a basic requirement in the smooth flow of business, especially in Africa. The AfCFTA is a tool that can be leveraged on by service providers for the success of the programme.

‘’Telecom service providers can make a whole lot of impact on digital economy in Africa through promotion of the AfCFTA. We can make life easier for both business people and their wide customer base in Africa,’’ he said.

Abdullahi added that Nonicoms was out to increase result-driven technology in the industry as well as to develop advanced and innovative technologies for its customers.

‘’We will provide free voice service on our landlines and mobile apps, free IPTV/OTT and Excellent internet services with high Speed and low latency, affordability, and new innovations that will support the Internet of Things.

‘’We will also provide a purposeful innovation through high speed broadband of more than 100mbps at an unbeatable price that addresses everyday communication challenges in homes and businesses,’’ he said.

The Nigeria Communication Commission (NCC) recognises that the agreement would allow access to extend communications services to 1.2 billion people across the African continent.

With a larger proportion of this population made up of young people, whose hunger for data and mobile services continues to grow, there is no limit of achievement for innovative operators and investors in terms of business opportunities.

There are many forms of trade in goods or services that can be fully or partly carried out through different ICT-based mechanisms, which previously were provided only through offline ways of trading.

Digitalisation also affects trade in many other ways. This is why the agenda of trade and digitalisation has gained attention in various trade policy forums, including the AfCFTA and WTO.

Abdullahi urged stakeholders in the communication subsector to provide support and encouragement for start-ups, ensure consistent government policies, as well as funds from the Nigerian Financial sector.

On how to overcome challenges in the sector, he said ‘’they can be conquered through determination, patience, consistency and, most importantly, by doing the right thing.

‘’The telecom industry can hardly be projected in a lighter mood. It will be more result-driven, [help to] develop advanced and innovative technologies to create an easy and safe solution for customers. It is the future and what the future holds economically and socially,’’ he said. (NAN)

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