The deregulation of the telecommunications sector in 1992 through Decree 75 was to allow for private sector participation in the sector and expand the nation’s communication facilities. The Nigeria Communications Commission (NCC) was established consequently to regulate the performance of the sector. The liberalization thrust was further strengthened by the Nigeria Communications Commission (Amendment) Decree No. 30 of 1998 which deleted those provisions in the first decree that inhibited competition in the sector thus enhancing the expected role of private sector enterprises.
The functions of Nigerian Communications Commission include:
* Regulating the privatized sector of the telecommunications industry.
* Facilitating entry into the telecommunications market by private entrepreneurs.
* Creating a regulatory environment for the supply of telecommunications equipment and facilities.
* Issuing of telecommunications licenses.
* Promoting fair competition and efficient market conduct among all players in the telecommunications industry.
* Arbitrating disputes between participants in the telecommunications industry and protecting consumers against unfair practices.
INVESTMENT OPPORTUNITIES IN TELECOMMUNICATIONS INDUSTRY IN NIGERIA
1. LOCAL MANUFACTURE OF EQUIPMENT
SWITCHING AND TRANSMISSION EQUIPMENT
Local manufacture of switching and transmission equipment is requird since no single company exists in Nigeria or even neighbouring countries for this purpose. Hence any company that goes into the venture will have its market beyond the frontiers of Nigeria.
CABLES
In Nigeria, there are three companies engaged in the production of telecommunication cables using imported copper and other local resources like poly vinyl chloride materials for insulation. There is no company that is cuurently producing fibre optic cables in the country.
The copper cable producing companies are producing only low pair capacity of 50, 100, 200 pairs. There is need for a plant that will produce high pair capacity cables that will enhance massive provision of lines to the teaming population.
2. FACILITIES AND SERVICES PROVISION
Hence, the sector is still a virgin land for investors wishing to provide and operate private network links employing cable, radio communications, data services, INTERNET Business and Satellite communication, Payphone services and Cellular radio phone services.
3. JOINT VENTURE FUNDING OF INVESTMENTS
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