Saturday , December 3 2022
ipNX Seeks Interventionist Policies to Protect Indigenous Telecoms Companies -ipNX

ipNX Seeks Interventionist Policies to Protect Indigenous Telecoms Companies

The Divisional CEO, ipNX, Segun Okuneye has called on the federal government for more interventionist policies to aid indigenous telecoms players in Nigeria.

He said considering the current relatively slow pace of infrastructure development in the country, interventionist policies by the government have become necessary to give telecoms operators the required leverage to resolve challenges that impede their ability to deliver seamless services to subscribers.

Speaking at a virtual forum themed “National Policy for Promotion of Indigenous Content in the Nigerian Telecommunications Sector”, Okuneye said interventionist policies are a carefully designed system of guidelines adopted, implemented, and monitored with feedback for control and acceleration by a government.

The Nigerian telecoms sector, according to him, has experienced unprecedented growth over the last years and has been a sector of interest for Foreign Direct Investment (FDI).

He stressed that the enactment of the interventionist policies will enable Nigeria to to to benefit from the increasingly global digital technology market as well as helping to conserve foreign exchange for the country and boost exports.

Also, Okuneye posited that the policy will drive the adoption of high quality “Made in Nigeria” digital economy products that are of globally accepted quality. While positioning Nigeria as a global outsourcing destination for digital jobs.

Highlighting some key interventionist areas, he noted that access to funding for telecoms players from financial institutions at low-interest rates and easy access to FOREX at CBN approved rates will aid indigenous content in the sector.

Click Here To Read: Telecoms @20: Nigerian Telecommunications Sector has Developed into a Commonwealth that Tie All Sectors of Economy – ALTON BOSS

On infrastructure and security, the ipNX Boss stated that intervention is needed for free but regulated access to public infrastructure such as road ducts and support for Telecoms companies to address the problem of irregular / unstable power outages.

Aside from ensuring the protection of Critical National Infrastructure (CNI) with instituted sanctions, FG needs to work with private sector players to provide the framework for the digital landscape to be adequately protected from data risks and vulnerabilities, he emphasized.

The ipNX chief said the telecoms sector in Nigeria is in dire need of some forms of government intervention to address the myriad of challenges facing the sector such as high-interest rates, limited access to forex, high taxation, the steep cost of Right-of-Way permits, denial of permits for infrastructure roll-out, damage to infrastructure, unstable power supply, and others. Government to encourage local production of telecoms equipment.

You May Read: Indigenous Telecoms Players Seek 5 Years Tax Holiday, Special Intervention Funds

“The application of Interventionist policies will further help to combat market inequities through development and implementation of policies, regulations, and guidelines to promote
general economic fairness and advancement”, Okuneye stressed.

Supporting the views of both Adetuyi and Ibis, Okuneye said interventionist policies would enable Nigeria to benefit from the increasing global digital technology market; help to conserve foreign exchange for the country and boost exports; drive adoption of high quality for “Made in Nigeria” digital economy products are of globally accepted quality, and position Nigeria as a global outsourcing destination for digital jobs.

About Bukola Olanrewaju

Check Also

22 Institutions, others set to enjoy N16.7 Billion Broadband Access Projects

22 Institutions, others set to enjoy N16.7 Billion Broadband Access Projects

More than 22 institutions in the country, comprising 18 universities, and six polytechnics, Micro, Small …

Leave a Reply

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