Telecoms Industry Has All It Takes To Bail Nigeria Out Of Recession – Gov Ajimobi


Oyo State Governor,  Abiola Ajimobi  has said the telecoms industry as one of the key drivers of the nation’s economy, has all it takes to bail Nigeria out of recession if fully explored.

Governor Ajimobi made the call at the first annual retreat of the House of Representatives Committee on Telecommunications held at Carlton Gate Exclusive Hotel in Ibadan at the weekend.

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Ajimobi, who was represented by Mr. Niyi Ajao, the Special Adviser to the Governor on Information and Communication Technology (ICT) said that the state was looking at ICT as a key driver of the state’s economy.

He said  that the state would soon establish an ICT hub, where it intended to create 20,000 knowledge-driven jobs.

“We have over 400,000 students in Oyo State. We have 2,138 primary schools and 630 secondary schools out of which only 30 schools benefit from ICT.

“We have been able to transform the state economy through ICT, having embraced ICT in carrying out and monitoring the state’s daily activities,” he said.

The governor added that the state government recently launched technology innovation fund, adding the state was willing to partner NCC, NITDA and Telecoms providers.

Ajimobi tasked all stakeholders in the sector including the Nigeria Communications Commission (NCC) to continue the drive towards making the industry a huge economic and employment generation sectors for the growth of the nation.

Governor Abiola Ajimobi

Speaking also at the event,  Hon. Saheed Fijabi (APC-Ibadan South-west) also  said that the contribution of telecoms industry could facilitate the nation’s exit from its current economic challenges, if fully explored.

Fijabi, who is the Chairman, House of Representatives Committee on Telecommunications, said the communications added that the industry was a viable and sustainable means of generating revenue for any country.

“There is tremendous increase in telecommunication subscribers from 142million as at August 2015 to 152 million in August 2016, which is a 5.9 per cent increase .

“Teledensity rose from 107.6 per cent in August 2015 to 109.1 per cent in August 2016, recording a 1.47 per cent increase in Foreign Direct Investment(FDI)

“The FDI in the sector has increased from 32billion dollars in 2015 to 38 billion dollars in 2016,” he said.

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He also added that  the House of Representatives was committed to exercising the supervisory powers granted by the constitution and ensuring that all agencies of government and parastatals maximise their potential.