President Muhammadu Buhari has expressed excitement over the $547 million 5G Spectrum Auction license revenue.
Buhari, who spoke yesterday in Abuja, while inaugurating the National Shared Services Centre, a one-stop-shop for Ministries, Departments and Agencies to interface with citizens, which also houses a Cybersecurity Operations Centre, Network Centre and Call Centre, said that auctioning of the 5G spectrum alone generated $547 million, further fueling options for funding development.
According to him, the National Shared Services Centre would provide “swift, secure and seamless services.”
He said that the Information, Communication and Technology Sector (ICT) had accelerated the diversification of the economy, adding that the second quarter (Q2) Gross Domestic Product (GDP) Report by the National Bureau of Statistics showed the extent of growth, with the ICT contributing an unprecedented 18.44 per cent to the GDP, close to three times the 6.33 per cent contribution of the oil sector in the same quarter.
“As part of our efforts to expand our digital infrastructure, we increased our 4G base stations from 13,823 to 36,751 from August 2019 to date, and this has increased the percentage of 4G coverage across the country from 23 per cent to 77.52 per cent, also from August 2019 to date. We have also followed this up with the roll-out of 5G services.
“It is noteworthy that the digital economy sector has excelled in generating revenue for the government. In particular, at the Ministerial Retreat that I chaired from the 18th to 19th of October 2022, our independent analysts adjudged the digital economy sector to have generated 594 per cent of its revenue target from the 2019 baseline.
“This is very commendable. As part of these unprecedented achievements, the sector generated over $547 million from auctioning the 5G spectrum alone.”
Buhari said he was pleased to unveil and inaugurate several initiatives that further expressed the government’s commitment to developing a sustainable digital economy in Nigeria.
According to him: “These initiatives are part of our administration’s efforts to position the digital economy as a key enabler for the diversification of our economy and as a catalyst for the transformation of every sector of our economy.
“You will recall that I unveiled and launched the National Digital Economy Policy and Strategy for a Digital Nigeria on the 28th of November, 2019. I am very proud of the giant strides and unprecedented progress we have made in less than one year since the unveiling.
“To ensure that the digital economy sector remains successful and to reduce the burden on citizens, I recently approved the suspension of the proposed excise duty in the telecoms sector, as any initiative that will lead to hardship for the citizens would not be pursued.”
The president said the digital economy ensured continuity in governance during the restrictions that came into force due to the COVID-19 pandemic.
“We approved the National Policy on Virtual Engagements for Federal Public Institutions on the 14th of October 2020, enabling us to formalise online government meetings.
“As such, statutory meetings like the Federal Executive Council meetings, Council of State meetings and other meetings can now take place online, effectively and legally.
“Our administration’s commitment to promoting data promotion and privacy is receiving praise worldwide, and we have increased our digital identity enrolments from 39 million in October 2020, to about 92 million today.
“The massive increase of about 63 million in about two years is a global success story and has led to several requests for partnership from countries within and outside Africa. I also approved the establishment of the Nigeria Data Protection Bureau on the 4th of February, 2022 to provide an institutional framework for data protection in Nigeria, in line with global best practices,” the president told the gathering of ICT experts and government officials.
He said a number of policies and programmes to enhance the productivity of the digital economy sector had been developed.
“For example, National Policy on NIN-SIM integration has enhanced the integrity of the National Identification Number database.
“Similarly, the Nigerian Postal Service has been repositioned through the unbundling of its services to increase its efficiency and make it more viable as a revenue-generating agency of government. The Property & Development Company and Transport & Logistics Company are two subsidiaries.
“As part of the NDEPS, I approved the 24th of October as Digital Nigeria Day. I am delighted that the maiden Digital Nigeria International Conference and Exhibitions commenced on the 24th of October, 2022.
“I am confident that the outcome of the Conference, as noted in the Communique, will support the growth of the digital economy sector.
“I signed the Nigeria Startup Bill into law on the 19th of October, 2022. The Nigeria Startup Act is a landmark legislation of this administration to transform the pool of highly talented youth in Nigeria into a pool of highly innovative digital entrepreneurs.
“We aim to make Nigeria a global hub for digital talent. It was an Executive Bill initiated by the Honourable Minister of Communications and Digital Economy,” he added.
Buhari also noted partnerships with leading global ICT companies to train Nigerians in cutting-edge and high-demand digital skills.
“This includes training five million Nigerians as part of a partnership with Microsoft Corporation. It also includes training an additional one million Nigerians in skills, in areas such as blockchain technologies, cybersecurity and data analytics, among others,” he also stated.
