By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Telecoms Sector Not a Mere Economic Palliative – Gbenga Adebayo
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
BusinessTech

Telecoms Sector Not a Mere Economic Palliative – Gbenga Adebayo

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 10, 2024
Share
3 Min Read
Engr. Gbenga Adebayo
Engr. Gbenga Adebayo
SHARE

Gbenga Adebayo, Chairman of the Association of Licensed Telecom Operators of Nigeria (ALTON), has emphasized that the telecom sector should not be seen as a mere palliative solution for economic challenges.

He made this assertion during his address at the launch of the Groupe Spécial Mobile Association (GSMA) digital economy report in Abuja.

Adebayo underscored the myriad challenges facing the telecom industry, impeding its growth and development.

He stressed the importance of sustainable investment, effective regulation, and a conducive business environment to propel progress within the sector.

- Advertisement -

The GSMA digital report, unveiled on May 9th, 2024, highlights the telecom’s significant contribution to Nigeria’s GDP, accounting for 8%, and 13.5% when considering the broader ICT ecosystem.

However, it also sheds light on the considerable challenges confronting the industry, including investment hurdles, right of way issues, multiple taxation, and regulatory constraints.

Adebayo pointed out the burden of over 45 associated charges and levies on operators, despite supposed removals of right of way costs.

He lamented that such practices create an unfavorable business climate, deterring investment and hampering the industry’s capacity to deliver quality services.

- Advertisement -

Additionally, he emphasized that regulatory interference and the lack of regulator independence further exacerbate these challenges.

“The price review should be a simple regulatory process. The public debate this has gained makes it appear the industry is insensitive to people’s concern. While the government tries to provide incentives for the public on account of ongoing macroeconomic headwinds, the telecoms sector should not be used as a palliative to solve the people’s problem. We must price right to sustain the industry; we must price right to have the right investment,” Adebayo asserted.

He concluded by stressing that the industry must be allowed to operate sustainably, with appropriate investment and regulation, to deliver quality services and drive economic progress. Adebayo encouraged stakeholders, including policymakers, regulators, and operators, to collaborate in addressing the challenges facing the industry, ensuring its potential as a critical sector in Nigeria’s economy is realized.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Gbenga Adebayo
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Mahamat Deby Declared Winner of Chad Presidential Election
Next Article Prince Harry and Meghan Visit Wounded Soldiers in Kaduna

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
Mike Ejeagha
Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95
News
Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States
Politics Top stories
Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Ange Postecoglou
Sport

Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory

Yusuf Abubakar
Yusuf Abubakar
June 6, 2025
News

Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Tech

Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users

Farouk Mohammed
Farouk Mohammed
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?