Economic impact – Precise Post

Deployment of 5G Services: NCC, NIGCOMSAT sign MOU

May 5, 2021May 5, 2021 - by Editor - Leave a Comment

By The Editor Abuja (Precise Post) – The Nigerian Communications Commission (NCC) and the Nigerian Communications Satellite (NigComSat) on Wednesday signed Memorandum of Understanding (MOU) on clearing of C-band o facilitate the release of spectrum for commercial deployment of 5G services in Nigeria. The aim of this arrangement is to facilitate the release of spectrum for commercial deployment of 5G services in Nigeria. The signing ceremony took place at the conference hall of the Nigerian Communications Commission, Maitama Abuja. In his opening remarks, Prof. Adeolu Akande, the Board Chairman of NCC, represented by Chief Uche Onwude, informed that since last quarter of 2019, several administrations have begun to license Spectrum for commercial deployment of 5G. As we speak today, 5G services have already been deployed in United States of America, South Korea, United Kingdom, China, South Africa, Kenya and many more. He hinted that the global impact of 4G brought about increases in mobile usage and network performance. Adding that 5G will build on this momentum, bringing substantial network improvements, including higher connection speeds, mobility and capacity, as well as …

Business

Digital Economy Crucial To Nigeria’s Economic Growth – Emefiele

March 20, 2021March 20, 2021 - by Editor - Leave a Comment

Abuja (Precise Post) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the nation must build a solid digital economy for individuals, businesses and the country as a whole to experience growth. Emefiele said this on Saturday, during the 30th seminar for finance correspondents and business editors held virtually. He noted that the information, communication and technology (ICT) sector was critical in mitigating the COVID-19 pandemic economic impacts on Nigeria’s gross domestic (GDP) growth in 2020 as it grew by 14.7 percent in 2020 relative to growth of 10.16 percent in 2019. Emefiele said Nigeria needs to focus on digital infrastructure (especially internet connectivity); digital literacy and skills; digital financial services; digital platforms; and digital entrepreneurship and innovation for building a solid digital economy. “As the pace of technological adoption increases, we must find ways to leverage digital channels in improving access to finance and access to credit for all Nigerians,” he said. “Consequently, the digital economy will be a key factor towards our efforts at driving growth over the next few years. “As the biggest …

Opinion

Purposeful Leadership: Why Nasarawa’ll Continue to Grow From Strength to Strength

December 15, 2020December 15, 2020 - by Editor - Leave a Comment

By Ali Abare Since the creation of the state on October 1, 1996, various administrations have played their parts with the singular objective of bringing development to Nasarawa State, which was carved out of the old Plateau State, by the military regime of the late General.Sani Abacha. Indeed, beginning from the first civilian administration in the state in 1999, under the leadership of Distiguished Senator Abdullahi Adamu, who ruled the state for eight years, before handing over the mantle of leadership to his successor, the late Alhaji Aliyu Akwe Doma of blessed memory, who remained at the helm of affairs for a period of four years, from 2007 to 2011, successive administrations have each built on the foundation laid before it, thus expanding further the frontiers of development. Development, according to sociologists, is the result of society’s capacity to organize resources to meet challenges and opportunities, adding that society passes through well-defined stages in the course of its development. In Nasarawa State, in as much the sociologists defination of development is concerned, each successive administration, utilized effectively resources at it …

News

Senate Committee Laments on Slow Pace of Infrastructural Development in FCT, Abuja

November 6, 2020November 6, 2020 - by Editor - Leave a Comment

By Our Reporter Abuja (Precise Post) – The Senate Committee on Federal Capital Territory, Abuja has called for sincere and serious efforts to develop Abuja, the nation capital. The appeal was made when the Minister of FCT, Hon. Mohammed Bello appeared before the Senate Committee on FCT to defend the 2021 budget proposal. Chairman, Senate Committee on FCT, Abuja, Senator Abubakar Kyari who tasked the minister and staff of FCT Administration on effective utilization of material and human resources, however expressed dismay over the dwindling fund of the FCTA. “My Dear Colleagues, Honourable Minister, Ladies and Gentlemen, it is worthy of note that since 2008 to-date, the trend of Appropriation of FCT National Priority Budget displayed a high rate of decline; it has been shrinking alarmingly over the years. “It decreased sharply from N109 billion in 2008 to N45 billion in 2021. In the same vein, accessing the funds from the approved budget has become an herculean task. “Budget performance has drastically declined over time. The Committee noted that in 2017, out of the N30,397,122,872 Appropriated to FCT Administration, only …

News

COVID- 19: Governor Inuwa Yahaya Taking Tough Decisions To Mitigate Economic Impact of Pandemic

April 5, 2020April 5, 2020 - by Editor - Leave a Comment

By Ismaila Uba Misilli The ravaging coronavirus pandemic hit the world suddenly, thereby becoming one of the biggest threats to humanity, global economy and financial markets. The World Health Organization’s report revealed that the virus, first detected in the Chinese city of Wuhan late last year, has infected over one million people in at least 120 countries with more than 60,000 deaths recorded globally so far. The acclaimed World Powers such as United States of America, United Kingdom, Germany, Italy, Spain and others are becoming overwhelmed with increasing cases of the deadly Coronavirus (COVID-19) daily. Unfortunately, COVID-19 did not spare Nigeria as the National Center for Disease Control (NCDC) has confirmed over 200 cases with 5 deaths as at 5th of April, 2020. The escalation of COVID-19 forced many nations to shutdown their economy as well as lockdown the streets to curtail spread of the communicable disease. Recall that President Muhammadu Buhari last week announced additional measures including lockdown of Lagos, Ogun and Federal Capital Territory coupled with stay at home order to prevent the spread of the pandemic, while …