Phase3 joins FG’s efforts to cull Diaspora investment in Nigeria”s ICT sector

Phase3 Telecom says it is privileged to be part of the Federal Government’s efforts to cull investment and engender the active participation of the nation’s Diaspora in socio-economic development particularly through the ICT sector.  Speaking at the Diaspora Day Conference 2018,  the firm’s general manager, Korede Alaiyemola,  said Phase3’s contribution to this year’s Diaspora Day […]

Phase3 Telecom says it is privileged to be part of the Federal Government’s efforts to cull investment and engender the active participation of the nation’s Diaspora in socio-economic development particularly through the ICT sector. 

Speaking at the Diaspora Day Conference 2018,  the firm’s general manager, Korede Alaiyemola,  said Phase3’s contribution to this year’s Diaspora Day Conference was fostered by the firm belief that the role diasporas could play in the consistent growth of the Nigerian ICT sector to be at par with foremost global economies  was  important, vast and multi-layered.  

“There are very few players exploring these vast opportunities, and diasporas’ investment would be greatly beneficial. 

“To attain 30% broadband  penetration by 2020; capitalise on local innovation for ICT sector improvement; provide winning solutions to cub Infrastructure deficiencies; leverage on ICT for content delivery in health, education, agriculture, oil & gas, banking and other sectors, more CAPEX is required and the Nigerian government cannot go it alone”, he said. 

Similarly,  in his  presentation, the company’s head of infrastructure deployment, Abdullateef Aliyu, said the ICT sector is an immeasurably unique one, and that channelling huge capital investment into the sector would not only accelerate its growth but position it as the choice arrowhead of weaning Nigeria off its dependency on revenue generation from the oil & gas sector, adding that ICT contribution of 12.6% to the nation’s GDP in Q1, 2018 alone attests to that. 

He also stated that diasporas can serve as the conduit for harnessing international sources of finance, technology and technical skills that would enhance, promote and stimulate job creation in Nigeria’s ICT sector, with an added advantage of boosting professionals with relevant skills to put in place sophisticated mechanism to prevent, detect and expose hidden fraud in its and other sectors.