This is what NCC does for our good

This is what NCC does for our good – Do you want to know what NCC is up to in Nigeria? Are you aware of how NCC is helping the Nigerian economy and your business? This post will let you know how your business is to benefit from NCC.

And as a member of the Nigerian public, do you care to know how NCC protects and promotes your interests as consumers against unfair practices of service providers? These protections cover issues relating to tariffs and charges and the availability and quality of communications services, equipment, and facilities. Then, continue reading.

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Table of Contents

Always visit this site for your authentic business education. They are free business tutorials. In this article are the objectives of NCC which boils down to what your business stands to benefit from NCC. This post aims at enlightening you on how you may start a digital business right away. It will also help you with ideas that will make your existing business grow.

These are the NCC Objectives:

Don’t just read this section anyhow. Completefmc wants you to think business as you read along.

To promote the implementation of the national communications or telecommunications policy as may from time to time be modified and amended.
To establish a regulatory framework for the Nigerian communications industry and for this purpose to create an effective, impartial, and independent regulatory authority.
Again, to promote the provision of modern, universal, efficient, reliable, affordable, and easily accessible communications services and the widest range thereof throughout Nigeria.
To encourage local and foreign investments in the Nigerian communications industry and the introduction of innovative services and practices in the industry following international best practices and trends.
To ensure fair competition in all sectors of the Nigerian communications industry and encourage Nigerians’ participation in the ownership, control, and management of communications companies and organizations.
Furthermore, to encourage the development of a communications manufacturing and supply sector within the Nigerian economy and also encourage effective research and development efforts by all communications industry practitioners.
To protect the rights and interests of service providers and consumers within Nigeria.
To ensure that the needs of the disabled and elderly persons are considered in the provision of communications services.
To ensure efficient management including planning, coordination, allocation, assignment, registration, monitoring, and use of scarce national resources in the communications sub-sector, including but not limited to the frequency spectrum, numbers, and electronic addresses, and also promote and safeguard national interests, safety and security in the use of the said scarce national resources.

NCC Business Impacts:

This Day Newspaper on Friday, 24th February 2023, reported how The telecoms industry has remained a major contributor to the national economy. It hinted that this sector – the Information and Communication Technology (ICT) industry is contributing 18.94 percent to the nation’s Gross Domestic Product (GDP) as of the second quarter of 2022. This data is from the latest data released by the National Bureau of Statistics (NBS).

According to the statistics, the telecommunications sector alone is contributing 15 percent to GDP as of the second quarter, of 2022. This was 8.5 percent in 2015.

It went further to state how The Nigerian Communications Commission (NCC) has raked in trillions of naira for the federal government, through the auction of spectrum licenses for 5G rollout.
For us, the summary of these is that NCC contributes largely to;

Establishment of more businesses in the country
Income generation – cutting across all sectors of the economy
Generation of employment – news businesses are manned by personnel
Income distribution and poverty alleviation

In Summary:

Did you pick anything in this text, This is what NCC does for our good, for personal and business growth. Then, contact Completefmc for help in structuring your telecommunication business proposals. Do you need an NCC license? Completefmc can help you prepare the essential documents including the business brief for class licenses and feasibility analysis for Individual license applications. Contact us at cfmclimited@gmail.com or +234 80343478551.

Ane

Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.

This is what NCC does for our good