Buhari govt approves deployment of 5G network in Nigeria – Newstrends
Connect with us

Business

Buhari govt approves deployment of 5G network in Nigeria

Published

on

The Federal Government has approved the deployment of the Fifth Generation Network, also known as 5G in Nigeria.

Isa Pantami, the Minister of Communications and Digital Economy disclosed the approval after the Federal Executive Council, FEC, meeting in Abuja last week Wednesday.

In a statement issued by Ikechukwu Adinde, NCC’s Director of Public Affairs, Pantami ordered the Nigerian Communications Commission, NCC, to implement the 5G plan for Nigeria immediately.

He said the roll-out of the 5G will be carried out in phases beginning with major cities across Nigeria “where there is need for high-quality broadband.”

According to the statement: “The NCC will publish an implementation roadmap for the deployment of 5G across the country with service roll-out obligations. In addition, the Commission has been directed to commence the development of relevant regulatory instruments to address issues related to health, safety and others to drive effective implementation of the roll-out of 5G by Mobile Network Operators (MNOs).

“The National Frequency Management Council (NFMC), chaired by the Honourable Minister of Communications and Digital Economy, will, in no distant time, release the 5G Spectrum to the NCC for auction to MNOs that will need the spectrum for 5G deployment.

“The approval of the 5G Plan by the President and Commander-in-Chief of the Armed Forces, President Muhammadu Buhari, GCFR, and the FEC is a major boost to Nigeria’s promising 5G Plan, which has the objectives of ensuring efficient assignment of spectrum for 5G deployment, creating an enabling environment for investment in the telecom industry, ensuring effective deployment of 5G to cover major urban cities by 2025, among others.

“In line with the objectives of the National Digital Economy Policy and Strategy (NDEPS) 2020-2030 for a Digital Nigeria, and the positioning of Nigeria as an early adopter of digital technology in the growing global digital economy, the successful and timely deployment of 5G is crucial. 5G is expected to facilitate several emerging technologies, generate innovative use cases, spur significant socio-economic growth and create jobs.”

Pantami appreciated President Muhammadu Buhari, the entire FEC members, the National Assembly, as well as other industry stakeholders for their roles and contributions in the journey that culminated in the approval of the 5G implementation for the country.

Daily Post

Business

Food price, transport fare hike push Nigeria’s inflation to 33.88% 

Published

on

Food price, transport fare hike push Nigeria’s inflation to 33.88% 

Rising cost of living based on the increase in food prices and transport fares among others has reflected in the latest inflation figures in Nigeria, put at 33.88 per cent.

Nigeria’s headline inflation rate rose to 33.88 per cent in October 2024, up from 32.7 per cent in September 2024, according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released on Friday.

Newstrends.ng observes that the Central Bank of Nigeria (CBN) has raised interest rates five times this year in an effort to rein in inflation.

The NBS in its latest report attributed the rise in inflation to increased transportation costs and higher food prices.

On a year-on-year basis, the rate was 6.55 percentage points higher than the 27.33 per cent recorded in October 2023, highlighting a substantial increase in inflation over the past year.

On a month-on-month basis, the headline inflation rate in October 2024 stood at 2.64 per cent, representing a 0.12 per cent increase from the 2.52 per cent recorded in September 2024

This indicates that the rate of increase in the average price level in October 2024 was higher than the rate of increase observed in September 2024.

Continue Reading

Aviation

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight 

Published

on

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight 

 

An Abuja-Lagos flight was on Thursday aborted following a bird strike on the airplane belonging to Air Peace, forcing the authorities to ground the aircraft.

The bird strike experienced in the early hours reportedly prompted a ramp return to ensure the safety of passengers onboard.

All the passengers quickly disembarked and were calmed down before they were moved into another plane for the one-hour journey.

A bird strike is a collision between a bird and an aircraft, or other airborne animal, while the aircraft is in flight, taking off, or landing. And it can be a significant threat to aircraft safety.

Air Peace in a statement by its Head of Corporate Communications, Ejike Ndiulo, said the bird strike occurred at 6:30am, and all passengers disembarked normally.

The statement read, “We wish to inform our esteemed passengers that our Abuja- Lagos 06:30 flight experienced a bird strike before take-off, prompting a ramp return as a safety measure. All passengers disembarked normally.

“We have deployed a replacement aircraft for the affected flight in order to minimize disruptions, thus ensuring that passengers continue their journeys promptly.

“We appeal for the understanding of our valued passengers impacted by this development, as well as those on other flights that may experience delays.

“At Air Peace, we are committed to providing safe, comfortable, and reliable air travel for all our passengers.”

Continue Reading

Business

NNPC achieves 1.8mbpd crude oil production

Published

on

NNPC achieves 1.8mbpd crude oil production

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd).

The company which announced this at a press briefing said the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu.

Speaking on the development, the Group Chief Executive Officer, Mr. Mele Kyari, congratulated the Production War Room Team that anchored the production recovery process.

“The team has done a great job in driving this project of not just production recovery but also escalating production to expected levels that are in the short and long terms acceptable to our shareholders based on the mandates that we
have from the President, the Honourable Minister, and the Board,” Kyari explained.

Giving details of the efforts of the Production War Room, the Chief War Room Coordinator and Senior Business Adviser to the Group Chief Executive Officer, Mr. Lawal Musa, disclosed that the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.

READ ALSO:

He said the interventions that led to the recovery of production cut across every segment of the production chain with security agencies closely monitoring the pipelines.
He stressed that when the Production War Room team was inaugurated on 25th June 2024, production was at 1.430mbpd, but the team swung into action, culminating into sustaining the production recovery to 1.7mbpd in August and hitting the current 1.808mbpd in November.
“We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2mbpd by the end of the year,” he stated.
Also speaking on the development, Chairman of the NNPC Ltd Board of Directors, Chief Pius Akinyelure, who also congratulated the team, said he was happy to be part of the production recovery process, adding: “today, I will leave this place with my heart full of joy”.

He charged the Company’s Management to come up with a cashflow projection based on the new production figures to facilitate planning, stressing that he was looking forward to further production increase to 3mbpd.

On his part, the Honourable Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, expressed satisfaction with the performance of the team and pledged the Federal Government’s support for the company to do more.

 

NNPC achieves 1.8mbpd crude oil production

Continue Reading

Trending