Wednesday, 2 April 2025
Trending
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.

Related posts
EconomyTrading

The Future of the Ocean Economy: Challenges and Opportunities

The ocean economy, valued at $2.3 trillion in 2020, faces growing threats from climate change…
Read more
ChinaEconomy

China Seeks Foreign Investment Amid Economic Slowdown

Xi Jinping reassures global investors about China’s business potential. Economic challenges…
Read more
AfricaPolitics

South Sudan on the Brink: Riek Machar’s Arrest Sparks Fears of Renewed Civil War

Opposition leader Riek Machar has been detained by government forces, raising concerns for his…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published.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

EducationSchool

New Zealand Prime Minister Ban Mobile and Tobacco in Schools

Worth reading...