To ensure seamless transactions, the Nigerian Communications Commission (NCC), will tomorrow (Thursday), host stakeholders in the Information Communication and Technology (ICT) sector for the planned auction of the 3.5 gigahertz (GHz) spectrum band.
The engagement forum scheduled to hold in Lagos, is part of activities lined up for the implementation of the 5G Technology Deployment Plan, and to offer industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the spectrum sale.
The Information Memorandum is a comprehensive document, which defines the process employed by the Commission for the auctioning of the 3.5GHz spectrum band.
It also provides information on the Nigerian telecommunications market, details of the spectrum to be made available, the pre-qualification process, the auction process as well as the indicative timetable.
The decision to host the stakeholder engagement is in keeping with the provisions of the Nigerian Communications Act (NCA) 2003, and NCC’s distinctive tradition of robust stakeholder consultation on all telecom regulation-related issues, the industry regulator said in a statement.
Recall that earlier in June; NCC inaugurated a committee to develop the IM for the auction of 3.5 GHz spectrum band, which will be utilized for early deployment of 5G technology services in Nigeria.
NCC’s Director, Public Affairs, Dr. Ikechukwu Adinde, said the stakeholder engagement forum is an important regulatory prerequisite for the planned auction of 3.5Ghz spectrum before the end of this year. Therefore, interested stakeholders and members of the public are invited to participate and make contributions to discussions around this important draft document.
The Information Memorandum also provides information on the Nigerian telecommunications market, details of the spectrum to be made available, the pre-qualification process, the auction process as well as the indicative timetable.
In line with the objectives of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, and its positioning as an early adopter of digital technology as well as a major participant in the growing global digital economy, the successful and timely deployment of 5G is crucial.
The 5G technology is expected to facilitate several emerging technologies, generate innovative uses, spur significant socio-economic growth and create jobs.