Nigeria, others to split $10b 5G funds - Read Now - Allneeds Online

Nigeria, others to split $10b 5G funds

The deployment of 5G technology across Nigeria and other sub-Saharan African countries is set to significantly transform the telecommunications landscape.

The technology promises faster data speeds, lower latency, higher capacity, and increased bandwidth compared to previous generations like 4G. These improvements will revolutionize how people live, work, and interact in both Nigeria and globally.

Countries like South Africa and Nigeria have already taken significant steps in adopting 5G. South Africa launched 5G services in July 2020 and expanded its coverage to 20% of the population. Nigeria followed with its 5G launch in Lagos in 2022, with Mafab Communications Limited and Airtel Nigeria also providing 5G services. This adoption of 5G technology has the potential to drive substantial economic growth. In fact, the Nigerian Communications Commission (NCC) generated $847.8 million from the sale of the 5G spectrum.

According to the Global System for Mobile Communications Association (GSMA), the introduction of 5G is expected to contribute a $10 billion economic boost to the region, representing about 6% of the mobile sector’s total economic impact.

The GSMA’s Mobile Economy Sub-Saharan Africa 2024 Report calls for progressive policies, particularly the release of mid-band spectrum, to support sustained growth and equitable digital access across the region.

Additionally, 5G Fixed Wireless Access (FWA) is gaining traction as a primary broadband solution in underserved areas of Angola, South Africa, Nigeria, Kenya, Zambia, and Zimbabwe.

This technology addresses the growing demand for high-speed internet connectivity in regions that traditionally face broadband challenges.

The report also highlights the increasing role of digital security, with South Africa leading the way as the first country in sub-Saharan Africa to implement GSMA Open Gateway APIs for fraud prevention and security, particularly in the realm of digital banking.

Mobile operators like MTN and Vodacom are already deploying AI-powered solutions to enhance customer engagement and optimize network performance, although a shortage of AI professionals remains a challenge in the region.

In summary, the adoption of 5G technology across sub-Saharan Africa presents immense opportunities for economic growth, enhanced digital connectivity, and increased security. However, ensuring sustainable development, equitable access, and skilled professionals will be key to unlocking its full potential.

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