The Executive Chairman of th Nigerian Communications Commission, NCC Prof. Umar Danbatta, has said Nigeria’s Fifth Generation, 5G network subscription 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.
The statement noted that from an 8 per cent contribution to the Gross Domestic Product, GDP in 2015, the telecommunications sector now contributes 16 per cent quarterly to the Nigerian economy as of the second quarter of 2023.
He also noted that the investment profile has increased tremendously from $38bn in 2015 to $75bn currently.
He explained that 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 needs partnerships to close its digital divide
