FG earns $500m dollars from 5G Spectrum licence auction

FG earns $500m dollars from 5G Spectrum licence auction

By Aisha Ahmed, Kano.


The Minister of Communications and Digital Economy, Prof. Ali Pantami, says the Federal Government has generated over 500 million dollars from the auction of the 5G Spectrum licence.


The minister stated this at a news conference on the implications of unauthorised use and sale of private mobile radio on Friday in Kano.


Represented by Dr Famous Eseduwo, Director, Human Resources in the ministry, Pantami said that the 5G Spectrum could support Nigeria’s economy, if well-managed.


He said: “Spectrum licence is required to transmit radio waves within assigned spectrum, so that the economic benefits can be harnessed.


“When the 5G network is deployed, the benefits are huge, and it will create opportunities to engender accelerated growth and smart living in the country.


“The technology is also expected to bring substantial network improvements, including higher connection speed, mobility, capacity and low latency capabilities.


“5G network will play an integral part in speeding up wireless communication, enabling virtual reality and connecting millions of devices we use today.”


Pantami described 5G Spectrum as critical national asset and warned against its misuse, saying that “the control of Spectrum is vested with Federal Government, in line with the constitution.”


He, therefore, advised Nigerians to obtain appropriate licence from the Federal Ministry of Communications to guard against loss of revenues, warning that unauthorised users would be apprehended and prosecuted.


The event was part of the nationwide sensitisation programme, initiated by the ministry to create awareness against unauthorised use of private mobile radio.

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