Connect with us

News

Nigeria cannot wait 20 years for telecoms policy review again, FG warns

info

Published

on

1779350977 admin ajax.png

Nigeria risks falling behind in the rapidly evolving global digital economy if it repeats the long telecoms policy delays that followed its last major telecommunications framework, the Federal Government has warned, as it pushes for faster and more adaptive reforms in the era of artificial intelligence (AI) and emerging technologies.

Speaking on Wednesday at the two-day National Telecommunications Policy 2000 Review Workshop organised by the Nigerian Communications Commission (NCC) in Lagos , Hadiza Bala Usman, Special Adviser to the President on Policy and Coordination, says Nigeria cannot afford another prolonged gap in updating critical telecoms policy frameworks at a time when technology is advancing at unprecedented speed.

“Nigeria cannot wait two more decades before undertaking the next phase of this review,” she says, stressing that the country must build a more responsive policy system capable of keeping pace with rapid shifts driven by AI, broadband expansion, cybersecurity demands and digital transformation.

“A policy that was fit for purpose in the year 2000 cannot simply be assumed to remain relevant in 2026,” she says.

 

Next phase of Nigeria’s telecoms policy drive  

The workshop, themed “The Journey So Far: Milestones and Next Steps,” marks a major review of Nigeria’s National Telecommunications Policy introduced in 2000, which opened the sector to private investment and competition after years of state dominance.

According to Bala Usman, telecommunications has evolved far beyond voice connectivity to become the backbone of modern economic and social systems, powering finance, e-commerce, education, healthcare, identity management, public services and national security.

“Telecommunications is no longer a standalone sector. It is an enabling platform for almost every other sector of Nigeria,” she says.

Nigeria’s Telecoms Policy reset: What the 2026 review signals for next phase of digital growth

She warns that outdated or fragmented policy structures risk weakening implementation, creating regulatory uncertainty and slowing investment at a time when Nigeria is seeking to deepen digital access and strengthen economic resilience.

“A policy that was fit for purpose in the year 2000 cannot simply be assumed to remain relevant in 2026,” she says.

Her intervention reflects growing concern within government circles that the accelerating pace of technological change, particularly with the rise of AI-driven systems, requires a shift away from long-cycle policy reviews toward more continuous and adaptive governance models.

At the same event, Dr. Aminu Maida, Executive Vice Chairman of NCC, says the telecoms sector has evolved from providing basic connectivity into what he describes as “productivity infrastructure for the entire economy.”

He recalls that when the 2000 telecoms policy was introduced, Nigeria had fewer than 500,000 active telephone lines serving a population of more than 120 million people, reflecting a tightly controlled and underdeveloped sector at the time.

The policy, he says, successfully liberalised the market, attracted private investment and laid the foundation for the independent regulatory framework that later drove Nigeria’s telecom expansion.

However, Maida says the industry has now entered a new phase shaped by artificial intelligence, satellite broadband, the Internet of Things (IoT), digital sovereignty and mounting cybersecurity challenges.

“The market has outgrown the assumptions of that era,” he says.

He warns that the next phase of telecoms policy must balance traditional regulatory principles such as competition and consumer protection with emerging priorities including infrastructure resilience, innovation and digital inclusion.

“The sector is no longer just a sector. It is the productivity infrastructure for the entire economy,” he says.

The NCC chief also underscores a shift in regulatory philosophy, describing modern telecoms oversight as “ecosystem stewardship” rather than traditional sector regulation.

 

Maida also highlights the broader economic implications of telecoms reform, noting that digitalisation across sectors such as agriculture, education and public services could significantly boost Nigeria’s economy.

He cites projections showing that deeper digital adoption could add as much as two percentage points to Nigeria’s GDP, create about two million jobs and generate nearly ₦2 trillion in economic value.

The NCC chief also underscores a shift in regulatory philosophy, describing modern telecoms oversight as “ecosystem stewardship” rather than traditional sector regulation.

“Today’s regulation must support infrastructure, financial services, cybersecurity, identity systems, e-governance, data governance, consumer trust, innovation and critical infrastructure protection,” he says.

Ernest Ndukwe, former Executive Vice Chairman of the NCC and current chairman of MTN Nigeria, also used the platform to reflect on Nigeria’s telecoms evolution and the need for continued regulatory refinement.

He says the Nigerian Communications Act may require updates after more than two decades to reflect current market realities and technological developments.

“I have a feeling that the NCA might need a little bit of tweaking also after so many years,” he says.

Ndukwe recalls the sector’s transformation from an era of limited fixed lines and minimal mobile penetration into one of Africa’s largest telecoms markets, driven largely by liberalisation and regulatory reforms.

He, however, stresses the importance of regulatory independence, transparency and stakeholder consultation in sustaining sector growth and investor confidence.

Across the workshop, stakeholders agree that Nigeria’s next telecoms policy must go beyond expanding connectivity to addressing broader concerns such as cybersecurity, digital trust, broadband affordability, infrastructure protection and effective policy implementation.

Bala Usman says future reforms must be anchored on clear institutional responsibilities, measurable outcomes and stronger coordination across government agencies to ensure policies translate into tangible impact.

“What problem are we trying to solve? What future are we trying to build?” she says.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million

info

Published

on

By

IMG 1755.jpeg

BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.

The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.

According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.

The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.

Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.

While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.

The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.

Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.

The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.

Continue Reading

News

NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX

info

Published

on

By

Gettyimages 5339511481.jpg

Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.

On Tuesday, NASA said it hired the company to build a spacecraft to house a suite of scientific instruments, launch it into space, and fly it to Mars.

The structure of the contract is akin to the deals that NASA made with SpaceX to fly cargo to the International Space Station, or Firefly Aerospace to put a lander on the Moon. The government agency handles the science, while the private company provides low-cost infrastructure.

Aeolus, as the mission is dubbed, will contain four instruments to measure and image Mars from orbit, providing what NASA expects to be the first daily, global view of dust, winds, and temperature in its atmosphere. The agency said that data will make it safer for landers and, someday, astronauts, to visit the surface of the Red Planet.

“By pairing NASA’s world‑class instruments with commercial innovation and investment, we can deliver more science, more often, and reduce the time it takes to get essential data into the hands of researchers preparing for future human missions to Mars,” NASA administrator Jared Isaacman said in statement.

The mission is set to launch in 2028—a rapid pace that will require Relativity to design and build the spacecraft to carry the Aeolus instruments, and finish building the rocket that will carry it to space, all on a tight timeline. NASA did not disclose how much it is paying Relativity for the mission, and Relativity did not respond to questions from TechCrunch.

Isaacman, who has flown to space twice on private SpaceX missions, has championed public-private partnerships like this. Under this model, the company working with NASA takes on some of the development cost of the project, in exchange for allowing NASA to stretch its budget further—a structure that has become a template for how the agency funds ambitious missions without bearing all the financial risk itself.

But NASA is taking on risk as well: Relativity is unproven, and there’s no guarantee the mission will even make it off the ground. Past startup partners of NASA have gone bankrupt or seen Moon landers arrive askew. The potential payoff for the company is meant to extend beyond the NASA contract itself, including commercial applications, like launching satellites or delivering cargo to the Moon. Still, the further out into space these partnerships reach, the murkier the market becomes for commercial services.

Relativity was founded in 2015 by two former SpaceX and Blue Origin engineers, with the idea of using 3D printing to its maximum potential as a path to building a cheaper rocket. The company’s first design, Terran-1, launched in March 2023 and failed mid-flight. Relativity doubled down by moving on to a larger design, dubbed the Terran R.

Before Relativity could get it to the launch pad, the company ran into fundraising challenges, and Schmidt took a majority stake in the company in it last year, installing himself as CEO. He’s been tight-lipped about the investment but has expressed interest in orbital data centers, and is thought to be using Relativity to launch a space telescope, Lazuili, financed by his family philanthropy, Schmidt Sciences.

The former tech executive’s decision to take over a space company last year puzzled some observers because rocketry is a crowded and capital-intensive field. But pent up demand for new rockets—fueled by delays at Jeff Bezos’ Blue Origin—could still lead to a payoff for Schmidt if Terran R can actually make it to space.

And the new contract might give Schmidt a chance to put one over on Elon Musk, a regular sparring partner of his on the issue of AI safety. While Musk has long talked of his Martian ambitions, SpaceX has never actually sent its own mission to Mars (no, the Tesla he launched into space in 2018 missed).

If Relativity’s Aeolus launches on schedule, it could be the first private mission to reach the Red Planet.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading

Trending