The Executive Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, has said Nigeria’s 5th generation network subscription has hit half a million.
He said broadband penetration also rose to 47.01 per cent as of July 2023.
In a statement, while speaking in Kano, he said the telecoms industry recorded remarkable milestones since 2015.
In July, Danbatta stated that 5G subscriptions had grown to over 60,000 subscriptions in the country.
According to him, the country was aiming to achieve 50 per cent broadband penetration by the end of 2023, and 70 per cent broadband penetration by the end of 2025.
In a statement, he said: “Also, from 8 per cent contribution to the Gross Domestic Product in 2015, telecommunications sector now contributes 16 per cent quarterly to the Nigerian economy as of the second quarter of 2023., adding “Besides, following the authorisation of more telecommunications companies to operate in the Nigeria’s telecoms sector, the investments profile has increased tremendously from $38bn in 2015 to $75bn currently and this keeps growing daily. From the sales of 5G C-Band Spectrum, the NCC has generated over $847.8m for the Federal Government.”
Earlier, the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, said Nigeria was seeking partnerships to boost telecommunication connectivity in unserved and underserved communities.
According to the minister, connectivity was a catalyst for progress, and the country needed partnerships to close its digital divide.