Thursday, 16 May 2024
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AfricaEconomy

NCC issues a challenge to investors

  • The Nigerian Communications Commission (NCC) has expressed its support for investors.
  • One of the biggest subsea cable projects in the world is being worked on by the NCC.
  • 2Africa will support the expansion of 4G, 5G, and fixed broadband access for billions of people.

The Nigerian Communications Commission (NCC) has expressed its support for investors such as Meta, a business that has embraced the country’s ambition to invest in the digital economy. Support from the commission is contingent upon compliance with current laws and policies.

To foster healthy competition and growth, the commission places a high value on adherence to industry laws and the promotion of level playing fields for licensees and stakeholders.

NCC

One of the biggest subsea cable projects in the world, the 2Africa Cable connects Europe, Asia, and Africa. It is being worked on by the NCC. When the system goes online later this year, it will provide more capacity than all of the subsea cables that are currently serving Africa put together.

Boakye stressed that 2Africa will support the expansion of 4G, 5G, and fixed broadband access for billions of people, particularly in Nigeria, and provide internet capacity and reliability across large portions of Africa in addition to supplementing the rapidly increasing capacity demand in the Middle East.

Boakye asked for the NCC‘s assistance in navigating all required legal and regulatory obstacles to successfully land the submarine cable, which would supplement Nigeria’s current backbone infrastructure.

To guarantee connectivity for both those who are not yet connected and those who are, Meta intends to simultaneously land 2Africa cable in the states of Lagos and Akwa-Ibom through a consortium.

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