Monday , October 18 2021

How 5G will Impact Nigeria’s Economy – NCC

In our last piece, we addressed how the deployment of 5G serves as the bedrock for future communications.

As unveiled by Nigerian Communications Commission (NCC), the deployment of 5G in Nigeria will see significant impact on Nigeria’s economy.

We are on the verge of a new age of interconnectedness, when the daily lives of people across the planet will be more closely intertwined than ever.

By 2023, one billion users are expected to have access to 5G technology. With speeds as high as 500Mbps to 1Gbps, 5G is all set to push our data transfer capabilities to a whole new level.

According to Qualcomm, by 2035 there will be around $12 trillion worth of 5G related services, including mission-critical services, enhanced mobile broadband and massive IoT advancements. Plus, industries such as retail, healthcare, education, transportation and entertainment.

Qualcomm predicts the 5G value chain will generate up to $3.5 trillion in revenue in 2035, and support as many as 22 million jobs. Qualcomm also forecasts that 5G will boost global GDP growth by $3 trillion cumulatively from 2020 to 2035.

Beyond reasonable doubt, the commission, NCC has given reasons to why the fifth generation (5G) mobile technology is key to Nigeria’s technological development.

#5G and the Internet of Things

5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.

As the world replaces more and more household items with ‘smart devices’ that connect to the internet, also known as the Internet of Things, this network capacity will be critical. 5G will potentially be able to handle more than 2.5 million connected devices per square mile. 5G is a transformational change from 4G, NCC noted.

5G is extremely fast: it supports data transfer rates of up to 20Gbit/s, if supported by robust fibre infrastructure. On top of that, wireless data delays drop to one millisecond. This opens up the potential for multiple driverless cars, where large quantities of potentially lifesaving data have to be transferred almost instantaneously.

Studies have shown that by the end of 2020 more than half of all new businesses will rely on the “IoT” to cut costs, build efficiencies, and grow their bottom lines. However, many of the innovations 5G technology will fuel literally may not be available yet especially in Nigeria. For the “IoT” to realise its limitless potential, 5G is critical.

#5G supporting businesses

The deployment of the 5G networks will support businesses’ innovative ambitions and create new markets, transforming the supply chain management and creating smarter, more efficient manufacturing.

This is because, inter-connectivity online will be faster, enabling the businesses to take faster decisions.

Mobile augmented reality (AR) shopping experiences will revolutionise retail, with customers able to visualize products in a local environment. In-store, AR will enable shoppers to view additional information on a product simply by pointing their phones at it.

A key benefit of 5G could be helping businesses work more quickly and more efficiently – in turn, saving costs and increasing revenue.

Many countries are looking to 5G to better connect rural communities, allowing more people to start businesses from home and opening up opportunities.

We can have large scale events with thousands of users connected. Improved residential connections, smart energy and smart homes, e-health for health care and hospitals. Smart farms, Smart utilities, Remote management and Multi hop.

# 5G in Healthcare

With 5G networks deployment,  healthcare personnel can be enabled to predict which patients are more likely, to have post-operative complications, through Artificial Intelligence (AI), allowing our healthcare systems to provide early interventions, at saving lives, when necessary.

5G will make it easier to determine potential diagnosis and decide on the best treatment plan.

By moving to 5G networks, healthcare organisations can use the AI tools they need to provide the best care possible – from wherever they are in the hospital or clinic. AI can help predict which patients are more likely to have postoperative complications, allowing healthcare systems to provide early interventions when necessary.

Artificial intelligence (AI) is set to revolutionise healthcare. 5G will make it easier to determine potential diagnosis and decide on the best treatment plan.

#5G and Education

NCC emphasized that 5G will revolutionize and transform our way of life. From education to agriculture, security to entertainment and governance in general.

On education, 5G will transform our educational system. The availability of a fast wireless network will enable virtual learning.

For our educators, 5G will empower them to reimagine what is possible inside and outside their classrooms. The ability to download high quality and feature-length documentary in seconds, hosting a guest speaker via hologram or tutoring students virtually in real-time will speak to a 5G powered Nigeria.

#5G in Transportation

When transportation and vehicles are equipped with 5G connectivity, it will revolutionize the way we travel.

Vehicle-to-vehicle and vehicle-to-infrastructure communication will make roads safer and more environmentally friendly, while allowing buses and public transportation to run more efficiently.

Driverless cars and drones will be able to safely and near-instantaneously send and receive information about their surroundings that will allow them to operate safely.

With 5G, we would have connected cities. In the area of transport and infrastructure, we would have Smart cars, car to car communications, smart parking, traffic decongestion and smart grids amongst others.

About Bukola Olanrewaju

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