Skip to content
August 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • 5G spectrum auction: I witnessed history; says NCC Head of Online Media, Ibietan
  • Business & Economy

5G spectrum auction: I witnessed history; says NCC Head of Online Media, Ibietan

Admin December 14, 2021
Omoniyi Ibietan NCC Head of New Media

Dr. Omoniyi Ibietan NCC Head of New Media compering the auction

December 14, 2021

Omoniyi Ibietan NCC Head of New Media
Dr. Omoniyi Ibietan NCC Head of New Media compering the auction

The Government of Nigeria, through the Nigerian Communications Commission (NCC) – the National regulatory authority for telecommunications in Nigeria – in collaboration with its supervising Ministry (Federal Ministry of Communications and Digital Economy), has successfully auctioned the 3.5 Gigahertz (GHz) spectrum.

The 3.5 GHz spectrum will be used to deploy more efficiently, with incomparable speed, better broadband services. The two available lots (3500-3600 MHz; and 3700-3800 MHz) have been won by Mafab Communications Limited and MTN Nigeria Plc. Each of the firms will pay $273,600,000 to the Nigerian government as spectrum fees. In the preferred Lot bid, MTN bidded higher, so it got the 3500-3600 MHz, while Mafab got the second Lot (3700-3800).

My joy took oxygen, not necessarily from the amount to be paid by the successful bidders for the licences. I am particularly happy that NCC, as it did in 2001 and 2014, has carried out a fair, open, transparent, credible and successful auction of seminal spectra – one reason NCC continued to be benchmarked by other regulatory authorities within and outside the Continent of Africa.

As the winners Institute processes to commence deployment of 5G services, beginning from 2022, I am quite excited because of the derivable benefits from 5G. These include the ability to connect incredibly large number of devices with all working efficiently and real time; concrete reality of smart buildings and smart cities, including driverless cars; the potential for improved health care through telemedicine.

Remote interaction with appliances, machines or equipment without physical contact is possible with 5G in ways we have never experienced. I mean, depending on how you connect your appliances, you could be alerted right on your device when the milk in your refrigerator is exhausted. In other words, Nigeria is set to explore the real Internet of Things (IoT).

Indeed, as the telecom sector has served as an enabler of growth that reverberates other sectors of the economy, we expect to see exponential impact of digital culture in Nigeria onwards.

I am not a Darwinist, but I see lots of disruption emerging and the people who are willing and ready to adapt to changes, through learning, unlearning, and re-learning, are likely to survive the patterns, tempo, and sophistication of the emergent world.

As we can see, with Meta, even digitally-mediated sociality on Facebook, WhatsApp and Instagram, is up for changes.

I am thankful for being part of the history made yesterday (Monday, December 13, 2021)  as my colleague, (Dr. Shafii Ndanusa) and I served as masters of ceremonies while the 11-Round, 8-hour auction process lasted.

May God bless Nigeria.

-By Dr. Omoniyi Ibietan, NCC Head of New Media, Courtesy Facebook

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: 5G spectrum auction history Mafab Communications MTN Nigeria NCC Omoniyi Ibietan

Post navigation

Previous Mafab Communications, 5G spectrum auction winner, was registered last year
Next We’re working to crash price of gas; NNPC CEO, Kyari, assures Nigerians

Related Stories

Tincan Port 399 Rifles Seizure Major National Security Breakthrough – Maritime Expert
  • Business & Economy

Tincan Port 399 Rifles Seizure Major National Security Breakthrough – Maritime Expert

August 11, 2026
Economy, policy measures and prospects, by Arize Nwobu
  • Business & Economy

Economy, policy measures and prospects, by Arize Nwobu

August 11, 2026
Nigeria produces 1m tons of mangoes annually, ranks 11th globally – NAMPPMAN
  • Business & Economy

Nigeria produces 1m tons of mangoes annually, ranks 11th globally – NAMPPMAN

August 10, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Abia Govt. introduces digital app to track high-risk pregnancies
  • National News

Abia Govt. introduces digital app to track high-risk pregnancies

August 11, 2026
Tincan Port 399 Rifles Seizure Major National Security Breakthrough – Maritime Expert
  • Business & Economy

Tincan Port 399 Rifles Seizure Major National Security Breakthrough – Maritime Expert

August 11, 2026
Alayande, 23-year-old Law School student who jumped to her death left a suicide note: Sources
  • National News

Alayande, 23-year-old Law School student who jumped to her death left a suicide note: Sources

August 11, 2026
Economy, policy measures and prospects, by Arize Nwobu
  • Business & Economy

Economy, policy measures and prospects, by Arize Nwobu

August 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.