Nigeria: Telecommunication - Nigeria Truly Giant of Africa

Telecommunication is adjudged one of the major drivers in the economic development of any nation. It plays a key role in the development of every sector of the economy. It is vital in the development of the Information and Communication Technology (ICT), health, agriculture, works, education, commerce, industry as well as science and technology sectors among others.

In driving telecommunications, Nigeria through the regulatory body in the sector, the Nigerian Communications Commission (NCC) has made giant strides which have set the country apart as truly the giant of Africa. Nigerian Communication Act (NCA) 2003 has been the major source of the industry's success.

The NCA is largely regarded as one of the most progressive laws in the country. It gives the regulator absolute power, devoid of government or other external interferences to regulate the industry according to best global practices as enunciated by the ITU and other regional telecoms regulatory bodies. NCA guarantees a safe market for investors such that they can bring their money into Nigeria and be sure that the law is there to protect their investment.

The telecommunication sector contributed 8.53 per cent to the country's gross domestic product in the first quarter of 2013, according to the latest statistics released by the NCC.

To read more, Nigeria: Telecommunication - Nigeria Truly Giant of Africa

Adapted from allAfrica.com