The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has called for the support of the approval by the Federal Executive Council of the Fifth Generation Network, commonly referred to as 5G technology.

In a statement made available to Newscorner, it described the approval as a reflection of commitment of the government to the growth and development of the telcom sector and digital economy in general.

It, however, advised that this should be done in close collaboration with the private sector.

It stated, “Certainly, the 5G network in which the telcom companies will also play a crucial role will expand business opportunities for young Tech entrepreneurs.

“This is because they have demonstrated the capacity to leverage on technology to create innovative businesses and start-ups in the area of Fintech, Agrictech and Smart-Apps for farming services, creativity, entertainment and other sectors of the economy.

“It is also worthy of note, that the 5G network will not only contribute to the growth of the Nigerian economy but will help to boost education, activities in the health sector as well as  assist our security outfits to combat crimes, banditry and kidnapping in different parts of the country.”

NACCIMA further stated that it was delighted “that the 5G policy which is a component part of the 2020-2025 National Broadband Plan is now coming on stream.”

It thus called for full integration of the private sector in the implementation of the national Broadband Plan designed for expansion of the digital economy.

The current NACCIMA Administration, led by its National President Ide J. Udeagbala who has made harnessing of Information and Communication Technology one of his priorities  said he was  ready to work with all stakeholders.

He said, “This to ensure that the new 5G policy and national Broadband Plan truly becomes a platform to scale up business opportunities;

“Especially for young people who see several opportunities in it and have decided to embrace Tech Entrepreneurship as a way out of unemployment.

“With the 5G policy, Nigeria has truly taken a major step forward to significantly improve its Digital Infrastructure and the private sector must be given a key role to play to fully harness the potential.”