The Nigerian Communications Commission (NCC) has projected that the global economic value generated by the deployment of 5G technology services will reach $13.2 trillion by 2035, leading to the creation of 22.3 million jobs. Mr Adeleke Adewolu, the Executive Commissioner for Stakeholders Management at NCC, shared this information during a stakeholders’ forum titled “Talk to the Regulator Forum” held in Yenagoa, Bayelsa State over the weekend.
Adewolu emphasized that the recent rollout of 5G services in Nigeria aims to maximize the benefits of the fourth industrial revolution while also ensuring preparedness for any associated risks. The forum served as a platform to raise awareness about the regulatory activities of the commission and gather feedback from key stakeholders regarding how the industry impacts their daily lives, as well as the role of the regulator in enhancing the digital landscape.
Highlighting the pivotal role of the telecom sector, Adewolu stated, “The sector has consistently laid a solid foundation for the digital economy agenda of the federal government. It has also acted as a catalyst for facilitating digital activities in both the public and private sectors, seamlessly integrating them into the digital space.”
The deployment of 5G technology is expected to unlock new opportunities and drive significant economic growth globally, transforming various industries and enhancing connectivity for individuals and businesses alike.
