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Stop 5G Network deployment in Nigeria, Senate tells FG

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The Senate has asked the Federal Government to stop the proposed deployment of 5th Generation (5G) Network for mobile telecommunications in the country because of health concerns.
It stated this on Wednesday after the consideration and adoption of the report of the Joint Senate Committee on Communications, Science and Technology, ICT, Cybercrime and Primary Healthcare and Communicable Diseases on the ‘Status of 5G Network in Nigeria and its impact on Nigerian citizens.’
The Senate had on the 5th of May, 2020, considered a motion sponsored by Senator Uche Ekwunife, titled: “The Status of 5G Network in Nigeria and its technological impact on Nigerian citizens” and mandated the Joint Committee to investigate the matter.
Given the infancy of the technology, according to the upper chamber, it has become necessary for Nigeria as a country to pay more attention to “testing and researching potential health risk that may arise from the deployment of 5G network”.
The recommendation of the committee that the Federal Government should monitor the trend of 5G deployment around the world and engage in extensive sensitization of the public through all media channels before commercial deployment of 5G Network in the country was adopted by the Senate.

The Chairman of the joint committee, Senator Oluremi Tinubu presented the report, noting that the overwhelming aggregate opinions from majority of stakeholders was that it was appropriate for Nigeria to join the comity of nations engaged in the deployments of 5G for all its inherent gains.
She said the joint Committee is convinced that having witnessed what has been achieved by its ‘lesser ancestors’ such as 3G and 4G, the technological impact of 5G will be such that will revolutionise Nigerians’ way of life from education to agriculture, security to entertainment, and governance in general, if the technology is deployed.
She noted that there is no 5G Network deployment in Nigeria at the moment and that no licence has been issued to any Mobile Network Operator on commercial basis.
Senator Tinubu urged the relevant government agencies to prepare the ground by putting the necessary infrastructure and technology in place for its eventual deployment.
Rumours across the world, including Nigeria, had linked COVID-19 to 5G technology, prompting the Senate to embark on a thorough investigation to determine the veracity of the claims.
Tinubu said, “Also concerning the interaction between COVID-19 and 5G Network Technologies, the Joint Committee confirms and is convinced that there is no connection between them. The ongoing COVID-19 pandemic is caused by biological agent – virus – which is scientifically unconnected with the 5G technology.
“While the Joint Committee clarifies that there is no 5G deployment in Nigeria at the moment and that no liscence has been issued to any Mobile Network Operator on commercial basis, it is our recommendation that Nigeria should still observe the trend of 5G deployments around the globe and engage in extensive sensitization of the public through all channels before commencement of commercial deployments in the country.
“This period of ground preparation is expected to be utilised to complete feasibility studies for the various broadband projects in order to ascertain actual cost implications for their implementation, complete sustainability plans, provide enabling environment including free-Right of Way (RoW); tax waivers, sustainable power supply, improve security of men, materials and equipment, eliminate multiple regulations and charges, recognise telecommunications infrastructure as public utility infrastructure; and engender public trust and confidence.”
The committee urged the Nigerian Communications Commission, in collaboration with the Mobile Network Operators, Federal Ministry of Health, Federal Ministry of Science and Technology, Federal Ministry of Environment, and the Nigeria Centre for Disease Control to locally conduct a scientific experimental study over a period of about six months to ascertain if a correlation exists between the 5G network and public health.

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CBN directs banks to start deducting cybersecurity levies from customers

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CBN directs banks to start deducting cybersecurity levies from customers

The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.

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Forex: FG to delist naira from P2P platforms

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Forex: FG to delist naira from P2P platforms

The Federal Government is set to delist the naira from all Peer-to-Peer platforms to reduce the manipulation of the local currency value in the foreign exchange market.

Director General of the Securities and Exchange Commission, Emomotimi Agama, made this known on Monday at a virtual conference with blockchain stakeholders.

The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.

In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.

This is part of a number of regulations to be rolled out in the coming days.

He said, “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.

“I want your cooperation in dealing with this as we roll out regulations in the coming days.”

The SEC DG decried how some market players were manipulating the value of the naira.

This, he said, was why the commission was “seeking collaboration and help in making sure that the crypto environment is respected globally”.

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Ikeja Electric cuts tariff for Band A customers

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Ikeja Electric cuts tariff for Band A customers

The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/h

This is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.

The commission has clarified that customers under Band A receive between 20 and 24 hours of electricity supply daily.

Ikeja Electric said in a circular on Monday the cut in the new tariff rate would take effect from May 6, 2024.

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