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NCC hails Edo gov’t for safeguarding telecom Infrastructure during Construction

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The Nigerian Communications Commission (NCC) has commended the Edo government for its approach in safeguarding telecom infrastructure during road construction.

The NCC said that contractors notified the commission and Mobile Network Operators (MNOs) before commencing road construction works.

The Executive Vice-Chairman (EVC), NCC, Dr Amimu Maida, who gave the commendation during a media breakfast meeting on Friday in Abuja, also urged other states to emulate Edo in reducing fibre cuts during construction.

“I would commend a particular state, Edo, its approach the matter.

“I will like to appreciate the state’s authorities in the way they have handled that collaboration in a very simple but effective manner.

“Their contractors, prior to starting any work, send out letters to the commission to inform all the telco service providers who own infrastructure to basically give them notice of work.

“That simple action has resulted in a significant decrease in the number of incidences that occur due to construction activities. So it is a model now that we are encouraging other states to adopt.”

On the quality of service that Nigerians are getting from service providers, Maida said that the commission was beginning to see positive signals through independent crowd-sourced data.

He, h, said that more work needed to be done.

“We are still not where we want to be, but we are beginning to see the right signals.

“The quality of experience is improving rather than services degrading, but at the same time, we are seeing a rise in consumption.

“We are still not where we want to be, but are we satisfied as a regulator? I think the area of satisfaction is the fact that we are beginning to see the right signals.”

The EVC said that operators upgraded about 2,800 sites last year across the three major operators, MTN, Airtel and Globacom, covering new sites, technology upgrades from 2G and 3G to 4G and 5G, and fibre additions.

He said operators had now committed to about 12,000 additional site upgrades and deployments this year.

“These numbers in terms of the work done also support this. Last year we saw just under 3,000 sites being upgraded and introduced for coverage and capacity.

“But this year they have committed to upgrading and introducing sites, which in total are about 12,000.

“This is across the three major operators, Airtel, Globalcom, and MTM. And this is a combination of new sites which have been upgraded from slower technologies, 2G, 3G, to 4G and 5G.”

On consumer protection, Maida said the NCC recently introduced a compensation directive for subscribers affected by poor service delivery.

He said the move was aimed at ensuring that consumers directly benefited, rather than government alone collecting financial penalties from defaulting operators.

“This is something that is going to be ongoing for those operators that are not showing commitment towards improving and addressing these issues,” he said.

He said that tower companies were also included in the directive, and are required to make additional investments in power and security infrastructure to support better service delivery.

In her remarks, the Executive Commissioner, Stakeholder Management (ECSM), Rimini Makama, said that the quarterly engagement was organised to enable the media to properly inform the public.

“This quarterly interaction is being held precisely because we believe that a well-informed press produces a well informed public.

“A well informed public is one of the strongest tools we have for driving real progress in the telecom sector,” she said.

Earlier, the Director Public Affairs, NCC, Nnena Ukoha, said that the commission looked forward to frank, constructive conversations on telecom trends.

“It is my expectation that we will constructively utilise this platform for open and frank conversations, sharing insights on the emerging trends in the telecommunications industry.”

NAN

The post NCC hails Edo gov’t for safeguarding telecom Infrastructure during Construction appeared first on Business Today NG.

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NIIRA 2025: NAICOM Engages Police to Curb Fake Insurance Certificates on Roads

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BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has organized a specialized one-day training program for officers of the Nigeria Police Force (NPF), FCT Command, aimed at strengthening the enforcement of Motor Third-Party Insurance and other compulsory policies across Nigerian roads.

The initiative, held in Abuja, focused on equipping law enforcement officers with advanced skills to fast-track insurance policy verification and eliminate the proliferation of fake insurance certificates.

The training was themed “Building a Culture of Insurance Compliance: Police as Catalysts for Protecting Lives, Property and Enhancing Public Safety.” It was designed to empower officers to promote statutory compliance, verify the authenticity of insurance covers during routine checks, and help deepen public appreciation of insurance benefits.

Speaking on behalf of the Commissioner for Insurance/CEO of NAICOM, Mr. Olusegun Ayo Omosehin, Mr. Ekerete Ola Gam-Ikon underscored the strategic importance of the collaboration between the regulatory body and the NPF.

He noted that effective public safety extends beyond traditional crime prevention to shielding citizens from the severe financial consequences of unforeseen disasters.

“Insurance serves as a vital social and economic safety net, providing protection for individuals, families, businesses, and public institutions against losses arising from accidents, disasters, and other risks,” Mr. Gam-Ikon stated.

He added that the partnership is critical to reducing the high volume of uninsured vehicles on the roads, protecting commuters, curbing the use of counterfeit insurance certificates, and boosting public trust in regulatory institutions. These objectives, he emphasized, directly align with the provisions of the newly enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025 and NAICOM’s mandate to deepen market penetration.

The commission highlighted the unique leverage the Nigeria Police Force possesses due to its daily interactions with motorists, business owners, and the public. By strictly enforcing compulsory insurance laws, police officers act as key drivers in reducing accident-related financial hardships and enhancing overall public safety.

During the technical sessions, participants received practical training on:

 The core objectives and benefits of compulsory insurance lines.

 Standardized digital and manual insurance policy verification procedures.

 The foolproof identification of genuine insurance certificates.

 The legal framework governing compliance under NIIRA 2025.

The program successfully strengthened the institutional bridge between NAICOM and the NPF, encouraging officers to act not just as law enforcers, but as grassroots advocates for insurance literacy.

Long-Term Commitment

Moving forward, NAICOM reaffirmed its commitment to sustaining close ties with law enforcement and relevant stakeholders to eliminate fake insurance vendors, improve nationwide compliance levels, and position the insurance sector as a meaningful contributor to Nigeria’s economic growth and social stability.

The Commission urged the officers of the FCT Command to champion this cause, fostering an environment where insurance is embraced not merely as a statutory obligation, but as an indispensable tool for safeguarding lives, investments, and livelihoods.

The post NIIRA 2025: NAICOM Engages Police to Curb Fake Insurance Certificates on Roads appeared first on Business Today NG.

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BUA Foods seeks shareholders’ approval for ₦504 billion dividend payment

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Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of N28.00 per ordinary share, totalling about N504 billion for the 2025 financial year.

Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of ₦28.00 per ordinary share, totalling about ₦504 billion for the 2025 financial year.

The company stated that the proposal is subject to shareholders’ approval at its 5th Annual General Meeting, scheduled for 15 July at the Transcorp Hilton Hotel, Abuja. At the meeting, shareholders will also consider the company’s audited financial statements for the year ended 31 December 2025, as well as other statutory and corporate governance matters.

For the 2025 financial year, BUA Foods reported revenue of ₦1.77 trillion, representing a 16 per cent increase over the previous year. The company also recorded a 95 per cent growth in profit after tax to ₦518.4 billion. In comparison,ile total assets increased by 27 per cent to ₦1.39 trillion, reflecting continued investment in manufacturing capacity and capabilities, operational excellence, and long-term value creation.

The food manufacturer noted that the meeting follows a period during which BUA Foods delivered strong financial performance, enhanced operational efficiency, and reinforced its position as one of Nigeria’s most valuable consumer goods companies.

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Meeting agenda

Commenting ahead of the meeting, the Managing Director of BUA Foods Plc, Ayodele Abioye, said the AGM would provide an opportunity to engage shareholders, review the company’s performance, and discuss its future direction. He noted that despite a challenging operating environment, the company sustained strong performance through disciplined execution and its commitment to delivering quality food products.

Mr Abioye attributed BUA Foods’ achievements to the support of customers, supply partners, its board, management, employees, and other stakeholders. He added that BUA Foods would continue to focus on creating sustainable long-term value through investments in capacity expansion and strengthening food security in support of national development.

READ ALSO: Access Holdings’ working to resume dividend payment – Chairman

“The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development,” Mr Abioye said.

The food company reaffirmed its commitment to delivering sustainable returns, strengthening stakeholder confidence, and advancing its purpose of nourishing lives every day.


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