Connect with us

General News

NCC Seeks Identification, Elimination of Risks in Telecom Sector

Published

on

NCC
Kindly share this post

The Nigerian Communications Commission (NCC) has embarked on a regulatory step to sensitize the industry about the need for proper and continuous risk identification with the view to managing such risks before they affect the health of the industry.

NCC

To this effect, the Commission has hosted a two-day maiden conference at its headquarters in Abuja, where its Executive Vice Chairman, Prof. Umar Danbatta, said it has become imperative to minimize risks in the industry to ensure that services are not disrupted, and that consumers obtain the best services that are globally available.

The conference with the theme: “Nigerian Telecommunications Industry: Managing the Emerging Risks and Embracing Risk Opportunities,” called for collaboration between the regulator and other stakeholders in the industry, to achieve multi-stakeholder strategies aimed at identifying and addressing emerging risks in the telecommunications sector to ensure sustainable and impacting growth.

Director of Policy, Competition and Economic Analysis, Yetunde Akinloye, who stood for the EVC, said the essence of the forum was to examine myriads of issues that challenge the implementation of the National Digital Economy Policy & Strategy (NDEPS) 2020-2030, and to enhance the development of a sustainable ICT sector in Nigeria.

“The focus of this conference is to bring to the fore the ever-rising uncertainties in the global economy and the attendant regulatory/operational risks in the areas of increased data security regulations, new partnerships and transforming business models, fast-changing mix of mounting capital expenditure (CAPEX) burdens, shifting market structures, newly emerging disruption scenarios, regulatory and policy challenges amongst others,” Danbatta said.

The EVC told participants at the event, which also featured virtual participation, that the Commission has been at the forefront of ensuring that the telecoms industry is not adversely impacted by these uncertainties/risks. He stated that one of our Strategic Visions is to ensure a competitive market for the communications services that foster fair inclusion of all players, promote local content and innovative services in ways that facilitate new investment, job creation and consumer satisfaction.

Danbatta said the NDEPS is the guiding document for the Federal Government’s activities to maximise the immense opportunities that are inherent in digital technologies to nudge the diversification of Nigeria’s economy and attain the key national objectives of improving security, reducing corruption, and expanding the economy.

“While risk management has been critical in our regulatory service delivery, we acknowledge that all stakeholders must be concerned about the varied uncertainties that confront the Industry. There is no gainsaying the fact that the Information and Communication Technologies Sector is inherently filled with several business and technology risks,” Danbatta said.

“It is, therefore, important that regulatory risks be minimised to ensure that services are not disrupted, and consumers obtain the best and latest services that are globally available. The Commission in a bid to ensure that operators in the industry enjoy a conducive operating environment has had cause to seek government interventions and collaborate with other Agencies of Government in addressing major sectoral risks.

“These risks include cybersecurity and online fraud, regulatory burden, multiple taxation, vandalism of telecommunication infrastructure, right of way challenges, access to foreign exchange, inter-industry indebtedness, among others,” he said.

In his paper presentation titled ‘X-raying Telecommunications Risk Radar: The Operators’ Perspective’, a facilitator at the event, who spoke to issues of concern to operators, Eniola Olugboyega, said that risk-taking can have positive or negative impact on businesses. He also stated that most common losses from improper management of risk in the sector include customer dissatisfaction, fines and litigation, product failure, and loss of business opportunities, among others.

According to him, effective risk management aids effective decision making, prevents financial and reputational loss and addresses potential threats. Thus, telecommunication risk from the operators’ perspective includes regulatory risk, insecurity, data breach risk, foreign exchange risk, rising CAPEX risk, human resource risk, and the inability to take advantage of new business models.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

General News

NCDC Warns against Using Bitter Kola, Salt Water as Ebola Remedies

Published

on

Kindly share this post

Nigeria Centre for Disease Control and Prevention (NCDC) has warned Nigerians against relying on bitter kola, salt water, herbs, seasoning cubes, and other unverified substances as remedies for Ebola virus disease (EVD).

NCDC Warns against Using Bitter Kola, Salt Water as Ebola Remedies

NCDC, in a public health advisory, cautioned that the spread of false claims and homemade remedies could worsen panic and undermine public health response efforts amid renewed concerns over Ebola outbreaks in parts of sub-Saharan Africa.

The advisory, titled ‘Ebola Virus Disease (EVD): Myths vs Facts’, was issued to counter growing misinformation circulating online following recent cases recorded in countries including the Democratic Republic of Congo (DRC) and Uganda.

Although Nigeria has not recorded any confirmed Ebola case, the agency said the country remains on alert because of increased cross-border movement and international travel linked to affected regions.

Responding to claims on social media suggesting that substances such as salt water, bitter kola, herbs and seasoning cubes can prevent or cure Ebola, the NCDC noted that such remedies have no scientific basis.

“There is currently no approved home remedy for Ebola virus disease. Early reporting, supportive medical care, and strict infection prevention and control measures are critical. Avoid self-medication and seek care promptly if symptoms develop,” the agency said.

The NCDC also warned Nigerians against spreading unverified health claims, noting that misinformation could trigger confusion and weaken public trust during disease outbreaks.

“Sharing unverified information can create panic and confusion. Members of the public are advised to rely only on updates from official public health authorities and credible sources,” the advisory added.

The agency urged Nigerians to remain calm but vigilant, insisting that preventive awareness and responsible public behaviour remain essential despite the absence of any confirmed Ebola case in the country.

“Although no case has been confirmed in Nigeria, outbreaks in the region require vigilance, preparedness, and responsible public health behaviour to reduce the risk of importation and transmission,” the agency said.

The warning comes days after the NCDC raised concerns over the possibility of Ebola importation into Nigeria due to the continuing outbreak in parts of Central and East Africa.

Jide Idris, director-general of the NCDC, said the agency’s latest assessment showed that Nigeria faces a high risk of exposure because of population movement and the difficulty of detecting Ebola symptoms in the early stages.

“This assessment estimated the risk of Ebola importation into Nigeria as high due to the ongoing transmission in the DRC and Uganda, international travel and population movement, uncertainty regarding the full magnitude of the outbreak, and the potential for delayed recognition because symptoms may overlap with endemic diseases such as malaria and Lassa fever,” Idris said.


Kindly share this post
Continue Reading

General News

Otti Unveils NKATA, N306m Tech Grant for Qualified Abia Businesses

Published

on

Kindly share this post

Alex Otti, governor, Abia State, has said that the N306 million grant, called NKATA, is to support technology driven businesses across the 17 local governments of the state.

Otti Unveils NKATA, N306m Tech Grant for Qualified Abia Businesses

Alex Otti, governor, Abia State at the launch of NKATA

The governor unveiled the programme while receiving the management team of Abia State Technology Skills Acquisition Centre (ATSAC) in Umuahia.

Governor Otti noted that the programme, a carefully targeted macroeconomic intervention, is capable of raising business productivity, strengthening local enterprises, widening the tax base, creating employment and accelerating the emergence of a technology-enabled economy across the 17 local government areas of the state, with a strong emphasis on youths, small businesses, entrepreneurship, innovation and digital transformation, adding that, “the grant could turn Abia’s small businesses into a new engine of growth.”

He explained that the N306 million intervention fund had already been earmarked for qualified beneficiaries who meet the programme’s requirements, expressing optimism that the initiative would produce a measurable impact.

He said: “I want to congratulate everyone. The N306 million is available, but beneficiaries must meet all necessary conditions. In a few months’ time, I want to hear that this intervention has yielded results, not just in monetary terms, but also in job creation, poverty reduction and empowerment of our people.”

The Abia governor said the programme aligns with his administration’s vision of building a productive, self reliant and innovation-driven economy.

The most significant aspect of NKATA, the governor stressed, is not even the amount involved, but its deeper economic meaning, which lies in the structure of the intervention, adding that: “The programme is not designed as an indiscriminate cash-distribution exercise in which beneficiaries simply receive money that may immediately disappear into pressing household consumption.

“Rather, ATSAC has explained that support will be channelled through technology service providers, software companies, hardware suppliers, internet service providers and business mentors, who will help to select businesses, acquire practical tools capable of improving operations, efficiency, competitiveness and growth.”


Kindly share this post
Continue Reading

General News

PalmPay Young Stars Apply Financial Literacy on Shopping Spree

Published

on

Kindly share this post

The PalmPay Young Stars initiative continues to create memorable experiences for children across public schools, and in celebration of Children’s Day, this year’s experience was made extra special for the young beneficiaries.

Recently, selected pupils were taken on a shopping experience, where they redeemed vouchers worth N50,000 on essential items of their choice.

Since its launch, the initiative has recognised and rewarded outstanding pupils in public schools with scholarships, school kits, and shopping vouchers, supporting their educational journey while encouraging academic excellence.

For many children, N50,000 worth of shopping can feel like a dream come true, a chance to grab everything in sight, fill carts with snacks, toys, and excitement.

But for the beneficiaries of the PalmPay Young Stars initiative, it became something more meaningful: a real-life lesson in financial responsibility.

After participating in a financial literacy workshop organized by PalmPay at the presentation ceremonies held at the various schools, the students were given their N50,000 shopping vouchers as part of their rewards under the PalmPay Young Stars program. The experience was designed not just to celebrate academic excellence, but also to teach the children how to make thoughtful financial decisions from an early age.

And when it was time to redeem their vouchers, the children put their knowledge to the test.

Rather than spending impulsively, many of the students carefully selected practical items that would support their education, personal needs, and families. School supplies, food items, household essentials, and useful daily necessities filled their carts, a reflection of the values discussed during the workshop. The financial literacy session introduced the students to basic money management.

It was a powerful reminder that financial literacy is not just for adults. When children are exposed to the right knowledge early, they begin to develop habits that can shape their future positively.

Through PalmPay Young Stars, PalmPay continues to go beyond rewards and scholarships by creating experiences that equip children with life skills, confidence, and opportunities to dream bigger.


Kindly share this post
Continue Reading

Trending