Nigeria is a Strategic Gateway for Investing in Africa – Pantami

Nigeria is both a geographic and an economic gateway to sub-Saharan Africa. As a geographic gateway, it has a prime location between West and Central Africa. In other words, investing in Nigeria gives investors easy access to close to 550 million people- 200 million from Nigeria, another 200 million West Africans and about 150 million Central Africans, the Honourable Minister of Communications and Digital Economy of Nigeria, Dr Isa Ali Ibrahim Pantami has said.

The Nigerian Minister made this assertion today while delivering the keynote address at the Africa Investment Forum (AIF) titled “NIGERIA’S DIGITAL ECONOMY: A GOLDEN INVESTMENT OPPORTUNITY. The investment forum is part of the official activities at the ongoing 40th edition of the Gulf Information Technology Exhibition (GITEX).

Dr Pantami who doubles as the leader of the Nigerian delegation called on potential investors not to shun the golden opportunity of investing in the largest economy in Africa (Nigeria), “Nigeria has the largest economy in Africa, with a 2019 GDP estimate by the World Bank putting our GDP at $448 billion”, he said.

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Pantami Calls on Investors to take advantage of the Innovative Spirit of Nigerians

The leader of the Nigerian Delegation at the ongoing Gulf Information Technology Exhibition ongoing in Dubai, United Arab Emirates, Honourable Minister of Communications and Digital Economy of Nigeria, Dr Isa Ali Ibrahim Pantami has called on prospective investors to take advantage of the large pool of youthful and skillful talents Nigeria has to offer to invest in the largest economy in Africa.

Dr Pantami said, “Innovation is second-nature to Nigerians and there are so many Nigerians that have made their mark through innovative solutions that they have developed”.

The Nigerian Minister added that “A Nigerian-trained Doctor is credited to have played a leading role in the development of the Pfizer COVID-19 vaccine. Reports indicate that this vaccine is expected to pull in more than $8 billion in revenue by the end of 2021.

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PRESS STATEMENT: African Telecommunications Union (ATU) Day

The Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), FNCS, FBCS, FIIM, felicitates with the Secretary General of the African Telecommunications Union (ATU) on the ATU Day. As Nigeria joins the rest of the African Continent to mark the 2020 ATU Day amidst the novel Covid-19 pandemic, the Federal Ministry of Communications and Digital Economy is committed to promoting the use of digital technologies to drive the economic development of the nation.

 This is evident in the development and implementation of some strategic policies of the Ministry, which include the National Digital Economy Policy and Strategy (NDEPS), Nigerian National Broadband Plan, National Policy for the Promotion of Indigenous Content in the Telecom Sector, National Digital Innovation and Entrepreneurship Policy, Policy on Virtual Engagements in the Public Service, amongst others. The facilitation of Virtual Federal Executive Council, Council of State and National Economic Council Meetings also reflect the progress we have made.  The Ministry’s policies are consistent with ATU's statutory objective of promoting programmes for the development of the African Information Society and the Pillar on promotion of Quality Broadband Infrastructure and Affordable ICT services under the current 2019-2022 ATU Strategic Plan

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The attention of the Honourable Minister of the Federal Ministry of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, FNCS, FBCS, FIIM, has been drawn to some newspaper articles which claimed that the Senate summoned him concerning the role of communication devices in national security.

Dr Pantami awaits the official invitation and would like to sincerely thank the Distinguished Senators for their concern and support towards improving national security. The Honourable Minister has supported security agencies in their statutory duty of protecting lives and property and this is why his first action after his appointment was to issue a directive that no improperly registered subscriber identification module (SIM) be allowed to remain on our networks. Based on the report submitted by the regulator (Nigerian Communications Commission) on the 26th of September 2019, there is currently no improperly registered SIM on our networks. In the event of evidence to the contrary, the Honourable Minister will sanction any individual or institution found wanting.

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The Honourable Minister of the Federal Ministry of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, FNCS, FBCS, FIIM, is pleased to note that Broadband penetration in the country increased to 45.43% by the end of October 2020.  This is due to an increase of 4,061,731 broadband subscriptions between September and October 2020.

This notable increase in broadband penetration has been as a result of conscientious implementation of the National Digital Economy Policyfor the overall benefit of the economy to achieve a Digital Nigeria. In particular, the Nigerian National Broadband Plan (2020-2025), along with the harmonization of Right of Way charges across the States and protection of Critical National Infrastructure across the country, amongst others, have had a significant impact on the broadband penetration.

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