Oil Slump: NCC boss urges govt to use telecoms to drive economy

19 March 2016, Abuja – Rising from the crash in crude oil sale, the Executive Vice Chairman (EVC), Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has advocated the use of Information Communication Technology (ICT), to drive the country’s economy.

Crude-oil-declineHe assert: “Global oil prices are not favourable and, therefore, what is accruing to Nigeria through oil and gas cannot fund the kind of projects that are targeted at alleviating poverty.

“In sustaining service delivery, I’m sure government in her wisdom decided that there is need to look for other alternative sources of funding and I’ m sure the communication tax bill that government is talking about with consultations ongoing is targeted at finding alternative ways of funding services as captured in the 2016 budget.”

According to him, the fall in oil prices is therefore indicative that government will rely more on the telecom sector to drive the economy, adding that the sector if well harnessed is capable of contributing more than 10 percent to the country’s GDP.

 

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