contributing more than 18% to GDP in Q1 2022, nearly three times the contribution that oil and gas made. Given its existing level of importance to the economy, and the pace of the evolution of the technology sector, the future of the digital economy in Nigeria is fundamental to the future of Nigeria’s economy, and by extension, the well-being of its people.
When considering legislation that has such a dramatic effect, the first question that has to be asked is ‘why do we need to do this?’ Is the current regulatory structure so poor that such drastic action is required? I think it is fair to say that the NCC is perhaps the best respected independent regulator in Nigeria.
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