Why we lifted suspension on Spectrum Trading guidelines -NCC

Date:

By Etuka Sunday

The Nigerian Communications Commission (NCC) said it has considered lifting the suspended Spectrum Trading Guidelines (STG), 2018, pending the conclusion of the ongoing review of the Guidelines.
The Director, Public Affairs, NCC, Dr. Ikechukwu Adinde in a statement said, the lifting of the suspension followed deliberations on the subject by the Board of NCC at its Special Board Meeting, which held on Wednesday, September 16, 2020.
The Meeting was preceded by the suspension of the STG by the Board at its 96th Board Meeting held in May 18, 2020.
“The Board was satisfied that, given the state of the consultation, it was possible to lift the suspension of the STG pending the conclusion of the review,” NCC said in a public notice signed by its Director, Public Affairs, Dr. Ikechukwu Adinde.
“Accordingly, the Board resolved that the suspension of the STG be lifted and that relevant stakeholders continue to operate the STG while a new/revised STG is finalised in consultation with the industry,” the public notice added.
The Commission had, in a statement issued on May 27, 2020, announced the suspension of STG 2018 for the Nigerian telecommunications industry and informed all licensed telecoms operators, prospective investors, industry stakeholders and the general public of the regulatory decision.
The Board of NCC had earlier taken the decision for Spectrum Trading in response to telecommunications global dynamics, as well as the efforts to optimally utilise and maximise the benefits of Spectrum as a scarce resource.
Spectrum is a limited resource, which, when inefficiently utilised, greatly limits broadband coverage and speed. The current Spectrum Trading Guidelines were developed in 2018 after industry-wide consultations and this instrument allows that the Spectrum resource be traded on the Secondary Market through Transfer, Sharing or Leasing (TSL) upon satisfying stipulated regulatory conditions.
According to the Commission, the Nigerian National Broadband Plan (NNBP), 2020-2025 launched by President Muhammadu Buhari in Abuja in March 2020, requires that these Guidelines be reviewed to ensure that unutilised Spectrum is fairly traded to facilitate rollout by other operators amongst others.
The Guidelines will also help to address the need for ubiquitous broadband deployment to accelerate penetration and access in line with the economic Agenda of the Federal Government.

READ MORE  NCC partners USPF to enhance ICT utilisation, sustainability in Nigeria

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

2027: Adebayo Urges Nigerians to Elect Leaders Committed to Ending Insecurity

By Femi Oyelola, Kaduna The 2027 presidential candidate of the...

Scores Defect from ADC to APC in Sokoto South

By Bashir Rabe Mani, Sokoto Scores of members of the...

Sokoto ADC Deputy Governorship Candidate Declares Party Ready for 2027 Polls

By Bashir Rabe Mani, Sokoto The Deputy Governorship Candidate of...

FG reacts after earth tremor shook Abuja

FG reacts after earth tremor shook Abuja The federal government...