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5G: Pantami Seeks Collaboration For Tech Deployment

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5G: Pantami Seeks Collaboration For Tech Deployment

The Minister of Communications and Digital Economy, Prof. Isa Pantami, has urged stakeholders of the telecommunications industry to collaborate for the effective deployment of the Fifth Generation (5G) technology in the country.

Pantami said this in his keynote address on ‘Deploying 5G Networks in Nigeria: The Critical Role of Stakeholders‘ at the Stakeholders Engagement Forum on the Draft Information Memorandum on the auction of 3.5Ghz Spectrum Band on Thursday in Lagos.

Pantami who was represented by Engr. Abubakar Ladan, Ministry of Communications and Digital Economy, said the collaboration would harness the social and economic benefits of the network.

READ ALSO: N-power: FG Floats New Initiative Under Empowerment Scheme

The News Agency of Nigeria (NAN) reports that the event was organized by the Nigeria Communication Commission (NCC) in conjunction with the Ministry of Communications and Digital Economy.

The minister said, among other mandates, the policy stipulated collaboration with relevant stakeholders and provision of the required spectrum and enabling environment to ensure the full deployment of 5G.

According to him, this will also serve as a catalyst for the successful implementation of the country’s National Digital Economy Development and Strategy (NDEPS) for Digital Nigeria.

‘’On the implementation of the policy, NCC under the supervision of the Federal Ministry of Communications and Digital Economy, is saddled with the responsibility of developing strategies, standards, guidelines, and frameworks for the deployment of the 5G networks nationwide.

‘’Accordingly, to ensure a coordinated approach, the Commission has been directed to not only collaborate with relevant agencies under the Ministry but with all other relevant stakeholders in order to achieve the aims and objectives of the policy.

‘’Further to the above, the policy is designed and formulated to achieve many other goals, a few amongst which are: ensure effective deployment of 5G to cover major urban areas by 2025,” he said.

He noted that this would not be achieved without the collaboration of all the stakeholders.

According to him, other achievements include ensuring the security of the 5G ecosystem and the protection of data; ensuring that international best practices and globally accepted standards and specifications are entrenched in Nigeria’s 5G ecosystem; among others.

He said transparency and accountability in the sale of the 3.5GHz Spectrum Band allocated for the deployment of 5G network in Nigeria, the Federal Government thought it wise to involve relevant stakeholders.

He added that the purpose of the gathering was, therefore, to discuss the

Information Memorandum on the auction of the 3.5GHz Spectrum Band.

‘’I, therefore, urge you, participants, to use your time, energy, and expertise and accord this national assignment the attention it deserves.

‘’Your service is for the advancement of our national interest and for the benefit of the generations yet unborn,” said Pantami.

Also speaking at the occasion, the Executive Vice Chairman, NCC, Dr. Umar Danbatta, said as a world-class communications regulatory agency, the action of the NCC must include inputs from all stakeholders in the industry.

He said there was a need for active participation in the deliberations that would follow the licensing of the 3.5GHz Spectrum Band for the deployment of 5G services, amongst others in Nigeria.

He said the Nigerian Communications market was one of the biggest in Africa and was also the largest contributor to the Information and Communications Technology sector of the Nigerian economy.

“Nigeria has an estimated population of 214 million, with an average growth rate of 2.6 percent annually, approximately 76.46 percent of the population is under the age of 35.

‘’In line with these demographic changes, internet penetration grew from 3 percent in 2004 to 73.82 percent as of September 2021, and broadband penetration increased from less than 10 percent in 2015 to 40.01 percent in September 2021,” he said.

According to him, arising from the significant growth of broadband penetration in Nigeria, which stands at 40.01 percent as of September 2021, it has become imperative to evolve to the next phase of global development of the sector.

Danbatta said the 5G technology would bring substantial network improvements, including higher connection speed, mobility, and capacity, as well as low-latency capabilities.

He added that in doing so, it enabled novel use cases and applications that would positively impact different sectors of the economy and improve efforts towards achieving the Digital Economy objectives of the Federal Government.

He said the 5G technology did not only offer enhanced broadband and ultra-reliable low latency communications, but it also provided massive machine-type communications.

He said lots of devices would seamlessly connect and interact independently with the Internet without human intervention thus, enabling the Smart City Initiatives and making Broadband Use Cases a reality.

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BREAKING: Jack Dorsey Steps Down As Twitter CEO

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Jack Dorsey To Step Down As Twitter CEO

Jack Dorsey, the Chief Executive Officer (CEO) of Twitter, would be stepping down from his role. This is according to CNBC’s David Faber, who cited “a number of different people familiar with the situation.”

Parag Agrawal, the company’s Chief Technology Officer (CTO), would take over the helm, the company said Monday, November 29, 2021.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said.

I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

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Nigeria To Soon Have Self-driving Cars -NCC

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Nigeria To Soon Have Self-driving Cars -NCC

The Nigerian Communications Commission (NCC), has stated that Nigerians should expect gigabytes per second for smart cities, self-driving cars, robust telemedicine, and others with the deployment of the fifth-generation technology in Nigeria.

The Executive Vice Chairman of the commission, Prof. Umar Danbatta, hinted this while responding to questions during a webinar, titled: “Unlocking 5G potential in Africa”, held on StreamYard, on Monday.

This was contained in a press statement titled, ‘We are conducting training, sensitising stakeholders and collaborating to deploy 5G effectively – Danbatta’, which was sent to our correspondent on Wednesday.

Danbatta emphasised Nigeria’s readiness to deploy 5G and highlighted some of the steps taken by the commission towards deploying the technology in the country.

The statement read, “Danbatta indicated that Nigeria continued to receive visitations by countries who wished to benchmark their operations, just as Nigeria has also visited other countries to explore how 5G and associated technologies can be deployed effectively because 5G technologies are not just valuable, they are so significant due to their derivable social and economic benefits.

The EVC discussed the innovations that could be triggered in the country through 5G deployment.

The statement read, “The EVC explicated how to unlock the potential of 5G, using a triangulated framework pivoted on Enhanced Mobile Broadband, Massive Machine Type Communication, and Ultra-Reliable Low Latency Communications.

He told the enlightened audience that the above scenarios will find expressions in gigabytes in a second, robust voice and real-time digital social mediation, massive Internet of Things like smart city and smart homes (connectedness of appliances and home security), pervasive 3D videos, and Ultra High Definition screens, augmented reality, self-driving cars, industry automation, high-speed trains, lifeline and ultra-reliable communications in telemedicine and natural disasters that will deliver successful services using critical applications.

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

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DataPro Affirms Guaranty Trust Bank Limited “AA+” Rating

DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report affirmed Guaranty Trust Bank Limited’s long-term rating of “AA+” with a Positive outlook for the year 2021/2022.

The “AA+” indicates Lower Risk. It shows Excellent Financial Strength, Operating Performance, and Profile when compared to the standards established by DataPro. This Bank, in our opinion, has a very strong ability to meet its ongoing obligation.

READ ALSO: 2021 FY: Dangote Cement, 2 Other Firms Projected To Surpass Their Revenue Targets

The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Capital Adequacy, Asset Quality, Liquidity, Profitability, Governance, Risk & Compliance, Risk Factors, and Future Outlook of its current healthy profile in the medium to long-term period.

The Rating of Guaranty Trust Bank Limited is supported by its diversified Revenue Base, Experienced Management, Strong Capitalization, and Brand Presence.

Guaranty Trust Bank Limited had a Short-Term Rating of “A1+” which indicates the Highest Credit Quality and the Strongest Capacity for timely payment of financial commitments.

DataPro notes that the Rating carries a maximum shelf life of 12 calendar months, in line with International Best Practice.

The Rating is therefore not an offer to trade in securities nor a substitute for the user’s judgment.

It is meant for reference purposes.

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