OrderPaperToday – The Nigerian Communications Commission (NCC) has disclosed that the worth of Value Added Service (VAS) segment of the country’s telecom sector will grow to $500million by 2021.
This is according to the Executive Vice Chairman of the commission, Prof Umar Danbatta, who stated this in Abuja.
Prof. Danbatta said at least $300m worth of investment would be added to the VAS segment in just three years from now.
Danbatta noted that the new injection would further increase the overall investment in the telecom sector which currently stands at $70bilion.
He said: “In 2001, the telecom sector could boast of a mere $50million worth of investments but as at September 2017, we have investments worth $70billion.
“The Value Added Services [VAS] segment of the telecom market in Nigeria today is worth $200million and is estimated to grow to $500million by 2021.
“The industry has provided both direct and indirect employment opportunities, and accentuated growth and expansion of SMEs.”
He said the NCC was not relenting on its efforts to bring about pervasive broadband.