General

Association to host discussion on COVID-19 impact on Telecom, ICT

The Association of Telecommunications Companies of Nigeria, ATCON, is to host a virtual discussion on the Socio-Economic and Political Impact of COVID-19 on Telecom and ICT Sector in Nigeria.

In a statement signed by the President of the Association, Mr. Olusola Teniola disclosed that the meeting is scheduled for Thursday, June 4, 2020 via Zoom by 10am.

Teniola emphasised that Nigeria cannot continue to rely on its traditional means of livelihood which is revenue from the sale of the volatile crude oil. “This is because COVID-19 pandemic has disrupted the normal ways of living and transacting business socially, economically, and politically”.

He stressed that the price of crude oil in the international market fell below the benchmark prize used for 2020 budget and the federal government has resorted to borrowing a huge sum of money from the IMF to cushion the effect of the fall in the price of crude oil in the international market.

“To salvage the situation, there is an urgent need for collaboration from both the public and private sector to jumpstart the diversification and emergence of digitization of the Nigerian economy,” Teniola explained.

The statement highlighted the objectives of the virtual meeting to include:

  1. To ensure effective regulation and development and building of local capacities for the speedy spread of telecom and ICT infrastructure facilities across the country.
  2. To push for the buy-in of governments at all levels to encourage telecom and ICT infrastructure development in their respective states by encouraging rapid investment through incentives such as tax holiday and provision of special intervention funds for the sector by the Central Bank of Nigeria.
  3. This high-powered virtual meeting is expected to be attended by top government functionaries, CEOs of Telecom and ICT Companies, Directors public and private companies and the  media

Source: Voice of Nigeria